Markets Now Special: SAF Tax Credit Guidance Released Using GREET Model, but What Does it Mean?

Today the U.S. Treasury Department issued guidance on eligibility for the (SAF tax credit in the Inflation Reduction Act (IRA). What does it mean for the ethanol industry. Here’s Growth Energy’s response.

Today the U.S. Treasury Department issued guidance on eligibility for the Sustainable Aviation Fuel (SAF) tax credit enacted in Section 40B of the Inflation Reduction Act (IRA). What does it mean for the ethanol industry. Here’s Growth Energy’s response.

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Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
DuWayne Bosse of Bolt Marketing says the managed money traders have hit the sell button with charts taking out key support and they may not stop until harvest reaches 60% to 70% done.
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