05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Market Activity
After a quiet couple of weeks, the packer BFT market broke lower today with eight cars trading at $0.3000 Chicago. Material had been offered early in day at $0.3075 with the offer falling a penny after news of the $0.3000 broke. Three cars are now offered out at $0.2975 Chicago. Edible tallow traded in three cars at $0.3250 Chicago.
CWG trading was lower today as well with reports of trucks as low as $0.2300 FOB Mo. River. Strong kills and weakness in the…