B17 RIN’s saw follow through momentum as prices extended higher in today’s trading. Bids pushed up to 107 with offers seen a half cent higher at 107.5. The B17’s are at their highest level since Jan 20, 2017 and have increased in value six cents over the past week. During the same time period, heating oil prices are mostly unchanged, while soybean oil prices moved 73 ticks higher to 32.09 cents per pound. The move higher in soybean…
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.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...