05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
**Please Note – Bob Lane was out of the office today and will return on January 10.**
LCFS Transaction Volumes Remain Strong
The volume of LCFS credits traded during the week ending January 2, 2022, totaled 773,226, according to the California Air Resources Board (CARB). Type 1 transfers totaled 136,153 credits, while type 2 transfers accounted for 485,920 credits.
Type 1 transactions are executed within 10 days of an agreement and would be considered spot market trades. Type 2 transactions are executed beyond 10 days of a transfer agreement and do not provide a date the agreement was entered. Type 1 transfers had a price range of $143.50 to $154 and a weighted average price of $148.70 during the week. Type 2 transactions had a price range of $143.50 to $199.67 and a weighted average of $177.05.
Trading was most active on December 28, 2021. The highest daily price was $199.67 that same day. The value of the total overall…