11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
Ruminant MBM traded at steady prices this afternoon, $305 – 315 with some light trading done as high as $320. Sellers are reporting that offers for next and week and throughout June are higher, closer to the $320 – $330 mark. Trading into the Eastern market was reported at $360 – 365 this afternoon and the Dal/Hou price was up $10, reported at $300.
Porcine trading remains weaker with good volume traded today at $285 -…