The bean oil/heating oil spread fell back below $1 per gallon. Soybean oil rolled back of its recent highs after the Aug contract tested resistance at 34.28 cents per pound. Soybean oil prices have been well supported since hitting recent lows in June. Weather concerns in the US and Canada have helped buoy pricing.
RINs have been slow to react to higher feedstock costs, but today the B17’s were able to push 1.5 cents higher, with…
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...