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 trading was steady out of the Panhandle today with sales reported all throughout the $180 – 225 range. Mo. River was higher on the topside, $170 – 225 with trading reported all throughout that range as well. Dal/Hou action was lower, $200 and IL trading was seen as low as $210.
Blood meal values continue to crumble with $535 – 550 reported out of the Mo. River and Texas…