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 moved higher out of the Dal/Hou and California markets today. Feather meal continues to show strength with trading done at higher levels out of the Delmarva and Mid South markets. Strong demand from the aquaculture sector is helping to push the feather meal market higher.
Blood meal trading was steady and mostly quiet today with most of the action wrapped up for the week. Indications for trading next week on porcine and ruminant material are $100 higher. Those used to the roller coaster market that blood meal has proven to be over the last few years are…