Weekly LCFS credit volume hit a 25-week low last week, but the average price paid per credit held steady. Credit transactions during the week ending May 21, 2023, of 218,597 were 46 percent below the 407,945 credits traded the week prior, but on par with last year’s weekly volume of 210,867. Additionally, trading was 71 percent below the prior four-week average of 757,798.
The average price paid per credit increased $0.14 to $80.28, a 16-week high, while the average value of a spot market trade declined for the first time in five weeks, falling $0.58 to $83.23. The average spot market price is $2.95 above the average price for all trades. This is significant, as it is the sixth consecutive week the average weekly spot price closed above the average contracted price. June of 2020 was the last time this occurred, and it may indicate LCFS credit prices have reached a…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...