Weekly LCFS credit volume of 444,939 was 21 percent over the average weekly credit volume for the year but 179,121 credits below last week’s total. Volume declined 29 percent from the prior week but was 286,888 over last year’s credit total for the same period. The average price paid per credit increased $0.01 to $197.19. There were 67 transactions, 25 percent were type 1 transfers of 146,890 credits and 42 were type 2 transfers of 298,049 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 $196.47, $0.72 below the average for all trades. Fourth quarter volume is eight percent below third quarter volume but…
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...