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.
MBM prices continued to rise this afternoon with trading reported at $335 – 355 FOB Mo. River, with good volume done at $340 and $350 within the range. Panhandle trading saw action at $350 – 360 and the Illinois market was up, a flat $355. Sellers are reporting strong demand with more buyers than protein at the moment.
Porcine trading was done at $375 – 390 out of the Mo. River market and $375 FOB Eastern IA/IL. Sources have reported good demand for August…