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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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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