Biodiesel Activity
The BO-HO (bean oil/heating oil spread) experienced some relief as soybean oil futures retreated and ULSD HO prices edged higher. The BO-HO fell 3 cents to 65 cents per gallon. The equity markets and crude oil appear to be happy that Iran and the powers that be have reached an agreement.
Biodiesel RIN’s remain week in a market that has a less than inviting…
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.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...