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.
**Please note, there was an error in last week’s reporting on the AL/GA FM price. The correct value of $330 has been reflected in the pricing for Wed 10/11 – 10/17**
Ruminant MBM traded as low as $170 FOB Mo. River this afternoon. Sources reported additional volume within the current range, $170 – 220. Trading into the Eastern market was done at $275. California action was down $10 from the previous low. The same story persists, more sellers…