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
A big trade, seven cars, of renderer tallow was done today at $0.2900/Chicago. Multiple sources continue to report strong interest from the oleo chemical and soap sector for March and April. Favorable economic conditions may lend themselves to strong oleo demand throughout the year. BFT prices, as seen in Figure 1, typically increase though the spring into early summer. It is worth noting that the Jan and thus far the Feb BFT monthly averages are the lowest in the…