US renewable fuel production hits all-time high; biomass-based diesel output surges to capture end of BTC
The $1-per-gallon Blenders Tax Credit (BTC) ended on December 31, 2024. Monthly US renewable fuel production hit an all-time...
Most US cash vegetable oil basis levels were little changed, while prices were firm to higher in quiet trading to start the holiday-truncated week on Tuesday January 21.
“We are still waiting on more guidance from the federal government on 45Z and tariffs when that comes into play,” a trading source said.
On Monday, US President Donald Trump indicated the implementation of new tariffs on goods from China, Canada and Mexico are on hold while current trade policies are reviewed.
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