Weekly LCFS credit volume of 444,939 was 21 percent over the average weekly credit volume for the year but 179,121 credits below last week’s total. Volume declined 29 percent from the prior week but was 286,888 over last year’s credit total for the same period. The average price paid per credit increased $0.01 to $197.19. There were 67 transactions, 25 percent were type 1 transfers of 146,890 credits and 42 were type 2 transfers of 298,049 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 $196.47, $0.72 below the average for all trades. Fourth quarter volume is eight percent below third quarter volume but…
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...