LCFS Credit Transaction Value at Four-Year Low
LCFS credit volume reached a nine-week high last week while the average credit price continued to move lower for a third consecutive week. Transactions during the week ending July 2, 2023, of 924,671 were 105 percent above the 451,101 credits traded the week prior and 60 percent over the volume transacted a year ago. Additionally, trading was 113 percent above the prior four-week average of 434,249.
The average price paid per credit declined $4.68 to $76.31, a nine-week low, while the average value of a spot market trade fell $3.40 to $76.53, an 11-week low. The average spot market price is $0.22 above the average price for all trades. Spot prices have been trending over contracted trades in 11 of the past 12 weeks.
…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...