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.
The protein market was relatively quiet today, with changes limited to the pet grade poultry by meal market. Mid South prices were reported lower, and trading was up out of the Southeast and Midwest markets. There was some outlier trading done at higher and lower levels FOB Mid South and Southeast.
Feather meal export figures for August were released, showing 7,456 MT exported for the month, down slightly from July and up slightly from August of 2019. Chile was the…