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.
Organic dairy demand continues to trend higher driven by robust demand for organic cheese. The trend has been upward sloping for years, but the pandemic caused by the spread of COVID-19 has accelerated demand in supermarkets and big-box store across the US.
Organic cheese sales were up 25% year over year in July according to The Jacobsen. For the 5-months ending July 31, is up 29% year over year. The trend continues to rise from left to right, initi9ally below 20 million per month and rising more than 20% over the past 3-years. The strong demand in the dairy sector has yet to spill over into strong demand for organic feed, especially for organic…