Biodiesel Activity 

The bean oil heating oil spread has fallen for nine consecutive days, dropping from its high of 80 cents per gallon down to today’s close at 55 cents. The soybean crush keeps churning to satisfy meal demand but there has been little interest in soybean oil from the biodiesel industry since December’s 200 million gallons of production. Climbing inventories combined with soft demand and now the news of Argentine SME gaining pathway approval has SBO prices…