05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Weekly credit volume increased during in the last week of June but was still well below average as the second quarter came to a close. Volume of 258,808 was 61 percent over last week’s volume but 26 percent below the average weekly volume for the year. The average price paid per credit fell $6.52 to $198.79. There were 23 transactions, eight were type 1 transfers of 53,063 credits and 15 were type 2 transfers of 205,745 credits. Type 1 transactions are trades executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions give a somewhat clearer indication of where the market is trading since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $206.95, which was $8.16 over the average price of all trades. Second quarter…