Weekly LCFS credit volume declined last week, and credit prices continued to drift lower. Volume is likely to continue to move lower into February before starting to follow its cyclical trend higher again.
Volume reached 1.01 million during the week ending January 21, 2024, 25 percent below last week’s volume but 40 percent abover the 723,365 credits transacted last year. Additionally, weekly transactions were 38 percent below the prior four-week average of 1.6 million.
The average price paid per credit dropped $3.25 to $68.27, a nine-week low. The average price of a spot market trade slipped $2.26 to $64.78, or a 45-week low. The average spot market price remains below the average price for all trades, suggesting a weakness in the market.
…
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...