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 saw action at $260 FOB Mo. River this afternoon, up sharply from Friday’s high. Pet grade PBM traded lower out of the Midwest, $700 – 735. Sources are reporting some waning demand in that market. The topside of the feathermeal market dropped $5 out of Minnesota.
Overall the market was quiet, buyers were in early looking for lower prices but sellers seemed confident in a steady market this week.
Both ruminant…