Weekly credit volume slowed during the fourth week of April but still well above average, registering the fourth highest weekly total recorded. Credit volume of 907,825 was seven percent below last week’s total but 853,895 credits over the same period in Q2 2019. The average price paid per credit was $197.19, down 47 cents from last week. There were 54 transactions, 22 were type 1 transfers of 141,227 credits and 32 were type 2 transfers of 766,598 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. Type 1 transactions give a clearer picture of where the market is currently trading since Type 2 transactions do not give a date the agreement was entered into. The weighted average price for type 1 trades was $186.86 and the weighted average for all trades was $197.19. Average 2020 weekly credit 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...