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.
The ruminant MBM IL-renderer market saw some action late last Friday, reporting 4 cars traded at $240, down from last week’s $260. As for today, it’s been a slow start to the week with no activity being reported.
A weaker export market, interior reformulations and strong production have all combined to push both ruminant and porcine MBM prices lower….