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 steady out of the Mo. River and a touch lower out of the Panhandle market this afternoon. Activity was reported higher out of the Dal/Hou market, $320 and trading out of the Illinois market was reported as low as $305. Porcine action was reported lower, $305 – 330. Sources in both the porcine and ruminant marketplace were reporting pockets of weakness due to a few sellers being heavy with product. What ran the pork market up, exports, may be its…