Weekly LCFS credit transaction volume bounced higher last week, bobbing above the 25-week low reached the week prior. Credit prices moved to a 19-week high as the average spot market trade continued to trend above the average price of a contracted trade. Credit transactions during the week ending May 28, 2023, of 366,051, were 67 percent above the 218,597 credits traded the week prior, and noticeably over the 69,132 credits transacted last year. Additionally, trading was 36 percent below the prior four-week average of 573,631.
The average price paid per credit increased $3.15 to $83.43, a 19-week high, while the average value of a spot market trade increased $1.32 to $84.55. The average spot market price is $1.12 above the average price for all trades. This is significant, as it is the seventh consecutive week the average weekly spot price closed above the average…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
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CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
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October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...