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.
Ruminant MBM prices were lower $225 – 260 Mo. River. Panhandle activity was reported as low as $225 as well and both markets saw plenty of volume move at the $230 mark. Eastern and AL/GA trading was lower, $310 – 320.
Feather meal action was softer, topping out at $400 out of the Delmarva and Carolinas. The Mid South market was quiet today, but the AL/GA market moved down $10 to $380. Trading out of the Minnesota market consolidated to a $425 – 430 range.
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