Weekly credit volume surged while the average price paid per credit fell during the second week of July. Credit volume reached a 10-week high of 680,467 and was 86 percent over the yearly weekly average of 366,830. Weekly credit volume was 41 percent over last week’s total and 88 percent above last year’s volume for the same weekly period. The average price paid per credit increased $0.53 to $199.76. There were 101 transactions, 23 percent were type 1 transfers of 153,245 credits and 77 percent were type 2 transfers of 527,222 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 somewhat clearer indication of where the market is trading since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $201.46, which…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...