The closing numbers
Biodiesel RINs have been erratic since the Commerce Departments announcement of countervailing duties on Argentine and Indonesian biodiesel imports. The B17 RIN traded up to 120 yesterday and down to 113 today. Soybean oil prices have been trading in an up and down fashion as well, with intraday highs moving higher each day, but with prices…
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...