Weekly LCFS Credit Volume 89% Over 2021 Average
Weekly LCFS credit volume of 722,092 was significantly above last week’s volume and 89 percent over the 2021 weekly average of 382,939. Trading volume was also 110 percent above the same weekly period last year. First quarter volume is nine percent over fourth quarter volume and 51 percent above Q1 of 2020. The average price paid per credit increased $3.63 to $199.42. Of the 55 transactions during the week, 13 percent were type 1 transfers of 90,452 credits and 87 percent were type 2 transfers totaling 631,640. 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 more accurate indication of current market conditions since Type 2 transactions…
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...