Weekly credit volume of 347,396 was 188,658 credits over the volume last week but four percent below the 2020 average of 361,306. Volume increased 119 percent for the week and was 139 percent over last year’s volume for the same period. The average price paid per credit declined $6.80 to $192.59. There were 37 transactions, 40 percent were type 1 transfers of 139,961 credits and 20 were type 2 transfers of 207,435 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 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 $192.18, which was $0.41 below the average for all trades. Third quarter volume is 24 percent below second quarter volume but 58 percent…
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...