The closing numbers
RINs started off the week stronger. B17’s gained 1.5 cents and are now trading in the mid 90 cents range. Ethanol RINs pushed 2 cents higher with the E17’s trading just over 78 cents. The stronger push in ethanol RINs relative to biodiesel, allowed the B17/E17 spread to narrow towards 17 cents.
The BOHO spread benefitted…
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...