Weekly credit volume of 530,010 was up 179,728 credits from last week and 48 percent above the 2020 average if 357,576. Volume increased 51 percent for the week and was 40 percent over last year’s volume for the same period. The average price paid per credit increased $0.36 to $196.08. There were 34 transactions, five percent were type 1 transfers of 53,888 credits and 23 were type 2 transfers of 476,122 credits. Type 1 transactions are executed within 10 days of an 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 $195.08, which was $1.00 below the average for all trades. Third quarter volume is six percent below second quarter volume but 49 percent over Q3 of…
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...