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
One car of packer BFT traded at $0.2800 Chicago this afternoon. An additional three cars were offered at the same price, but not traded. Tech tallow was offered steady at $0.3150 and was also untraded.
CWG trading was lower today, $0.2200 – $0.2450 FOB Mo. River with sources suggesting the market is consolidating towards the $0.2200 end of the range. Feed buyers are seeing the lower priced CWG and replacing YG in…