The closing numbers
Heating oil prices closed fractionally lower while soybean oil prices climbed 1% and closed at 34.52 for October delivery, 34.76 for December. Stronger soybean oil prices, without an accompanying rise in HO, allowed the BOHO spread to move three cents higher and close at 76.5 cents per gallon.
RINs remain defensive and have moved…
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...