Weekly credit volume of 158,738 was up 56,470 credits from last week but 56 percent below the 2020 average if 361,728. Volume increased 55 percent for the week but was 34 percent below last year’s volume for the same period. The average price paid per credit declined $0.93 to $199.39. There were 17 transactions, six percent were type 1 transfers of 53,738 credits and 11 were type 2 transfers of 105,000 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 better 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 $191.35, which was $8.04 below the average for all trades. Third quarter volume is 28 percent below second quarter volume but 52…
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...