The closing numbers
In somewhat of a rare occurrence, heating oil and soybean oil finished the day unchanged. Leaving the BOHO spread at 69 cents per gallon. Opposition to Scott Pruitt seems to be growing as a group of Senators had lunch with him in an effort to back him off his opposition to the RFS. According to Senator Grassley, the meeting he is…
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.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...