Weekly credit volume of 432,145 was down 170K from last week but remains 15 percent above the 2020 average if 376,827. Weekly credit volume fell 28 percent from last week but was 162 percent over last year’s volume for the same weekly period. The average price paid per credit declined $6.45 to $196.07. There were 42 transactions, 35 percent were type 1 transfers of 149,325 credits and 65 percent were type 2 transfers of 282,820 credits. Type 1 transactions are executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a clearer indication of current market conditions since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $193.29, which was $2.78 below the average for all trades. Third quarter volume is 23 percent below second…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...