Weekly credit volume of 223,303 was up 23,411 credits from last week but 37 percent below the 2020 average if 352,989. Volume was 12 percent over the previous weekly total and 43 percent above last year’s volume for the same period. The average price paid per credit increased $1.00 to $195.79. There were 28 transactions, 16 percent were type 1 transfers of 97,294 credits and 12 were type 2 transfers of 126,009 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 better reflect 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 $197.10, which was $0.03 above the average for all trades. Third quarter volume is 17 percent below second quarter volume but 51 percent over Q3 of…
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...