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...
Bean Oil Reverses Earlier Gains Following Robust USDA Report
Soybean oil prices reversed earlier gains and fell the most since November after the government reported that inventories expanded in the U.S. Domestic stockpiles on Dec. 1 reached 2.524 billion bushels, the U.S. Department of Agriculture reported Monday. That’s the biggest for the date since 2006 and compares with 2.154 billion a year earlier. Analysts surveyed had expected 2.599 billion, on average.
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