California regulation established the maximum price for LCFS credits acquired, purchased, or transferred in the Credit Clearance Market (CCM) at $200 in 2016, and it requires this price to be adjusted by a Consumer Price Index (CPI) deflator in all years subsequent to 2016.
A CCM has not been held for the purchase of additional credits since 2016. The maximum price for credits to be acquired, purchased, or transferred has not approached the price cap until 2020. The CCM Price cap is $217.97 for 2020.
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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...