Weekly credit volume surged to the second highest amount on record during the fourth week of April; missing the December 2019 record tally by 936 credits. Credit volume of 977,129 was 182 percent over last week’s total and 60 percent over the same period in Q2 2019. The average price paid per credit declined $3.00 to $197.66 as credit values remain in a somewhat tight range week to week. There were 78 transactions, 29 more than last week. There were 18 type 1 transfers for 176,578 credits and 60 type 2 for 800,551 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 $186.86 and the weighted average for all trades was $197.66. Average 2020 weekly credit volume increased to 408,931 contracts. Second quarter volume is 118 percent over first quarter volume…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...