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 trading was done $230 – 255 FOB Mo. River with some light action as low as $215. Trading in the Panhandle was mostly quiet, but there was light trading reported as low as $210 FOB late yesterday. Porcine trading was reported steady out of the Mo. River market.
Blood meal trading was done $850 – 890 River today. Anecdotes of bids changing by the hour have been widespread this week and sellers are calling it a take what you can get…