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...
Ethanol stocks climb despite a decline in production. Stocks at highest level since 6/15/12
According to the EIA’s Weekly Petroleum Status Report, ethanol production fell 3.1% to 948,000 barrels per day (b/d), easing production out of the record setting pace it had been in for the past month. The decrease in production lowered the ethanol industry’s demand for corn to 14.12 million bushels per day, a decrease of 447,000 daily bushels from the prior weeks average.
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