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.
**Please note, there was a correction to the AL/GA and Eastern ruminant MBM price. The correct value of $280 – 285 is now reflected in the price guide**
Trading was flat across the board for ruminant and porcine MBM today. The market seems to be fairly well sold or at least buyers are comfortable with the current levels ahead of next week’s holiday shortened delivery window. Ruminant MBM has historically seen a bump in the Nov/Dec trading…