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.
Please note, The Jacobsen offices will be closed on Monday, February 20th in observance of the holiday.
The ruminant market saw big volume trade out of the Panhandle (15 trucks) and Mo. River (42 trucks) trade at $300 FOB for the 30 day position. Additional tonnage was sold at that level through April. Eastern trading was reported at $370. Mo. River action was also reported at $235 – 250 for a total of 18 loads. Dal/Hou action was done…