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.
Midwest organic corn prices have decreased, with merchandisers reporting bids near $8 and offers closer to $9/bu. Organic feed wheat has dropped as a knock-on effect of falling prices for corn, a key energy component of organic feeds. Bids for smaller lots of organic corn are reported below $8, as are loads out of Wisconsin, which are not reflected in Fastmarkets- Jacobsen “Corn – Organic Feed Midwest” prices.
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