Weekly LCFS credit volume of 183,222 was 51 percent below the average weekly credit volume for the year and 668,306 fewer credits than were traded the week prior. Credit volume reached a 10-week low but was 103 percent above last year’s total for the same period. The average price paid per credit increased $1.21 to $199.68. There were 33 transactions, 35 percent were type 1 transfers of 63,319 credits and 65 percent were type 2 transfers of 119,903 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 $195.32, $4.36 below the average for all trades. Fourth quarter volume is four percent below third…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...