Weekly credit volume of 432,145 was down 170K from last week but remains 15 percent above the 2020 average if 376,827. Weekly credit volume fell 28 percent from last week but was 162 percent over last year’s volume for the same weekly period. The average price paid per credit declined $6.45 to $196.07. There were 42 transactions, 35 percent were type 1 transfers of 149,325 credits and 65 percent were type 2 transfers of 282,820 credits. Type 1 transactions are executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a clearer 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 $193.29, which was $2.78 below the average for all trades. Third quarter volume is 23 percent below second…
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...