Weekly credit volume saw a small bounce higher during the second week of May. Volume improved to 169,013 credits transacted and was 140 percent over volume posted during the same period last year. Despite the increase, this week’s volume was well below the weekly average of 402,208. The average price paid per credit was $194.14, up $0.94 from last week. There were 24 transactions, 18 were type 1 transfers of 93,289 credits and six were type 2 transfers of 75,724 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 $195.78 and the weighted average for all trades was $194.10. Second…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...