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.
International animal protein prices were steady for the week to Thursday May 9, with all trades reported remaining within the previously set ranges from the week to May 2.
Interest levels for meat and bonemeal remained diminished on the export front, with sufficient stock on hand, market sources said. This, along with increased production levels in Australia, has led to bearish tones, although values were steady for the current session.
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