Weekly credit volume of 408,687 was 121,323 credits below last week’s total but 14 percent over the 2020 average of 358,887. Volume declined 23 percent from the prior week but was 42 percent over last year’s volume for the same period. The average price paid per credit increased $0.88 to $196.96. There were 45 transactions, 33 percent were type 1 transfers of 135,724 credits and 19 were type 2 transfers of 272,963 credits. Type 1 transactions are executed within 10 days of an 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 $195.87, which was $1.09 below the average for all trades. Third quarter volume is three percent below second quarter volume but 48 percent over…
01.15.2025
DOE, USDA release updated GREET, CSA models
On Wednesday January 15, the US Department of Energy (DOE) released the long-awaited update to the Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) model, now called...
01.15.2025
US animal fats and oils markets climb, tracking gains in vegoils, energy complex
After a relatively slow start to the week, trading in the US animal fats and oils markets gained momentum on Wednesday January 15, driven by developments in the macroeconomic...
01.15.2025
Limited trade keeps most animal protein prices flat; December NOPA crush pressures soybean meal
Limited trade volume was reported to Fastmarkets on Wednesday January 15, with most US animal protein trade prices remaining rangebound for the day, according to market sources.
The...