Weekly credit volume slowed during the third week of April. Credit volume of 346,968 was 44 percent below last week’s total but 298,250 credits over the same period in Q2 2019. The average price paid per credit increased $0.92 to $200.66 as credit values continued to stabilize. There were 49 transactions, seven less than last week. There were 18 type 1 transfers for 51,468 credits and 31 type 2 for 295,500 credits. Type 1 transactions are trades executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. The weighted average price for type 1 trades was $191.22 and the weighted average for all trades was $200.66. Average 2020 weekly credit volume decreased to 373,419 contracts per week. Second quarter volume is 64 percent over first quarter volume and 467 percent over Q2 of 2019.
Trading was heaviest on Tuesday with 36 percent of…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...