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 off out of the Mo. River market today, trading at $225 – 265 FOB. Panhandle action was lower as well, $230 – 265. AL/GA and Eastern market action was done $360 – 370 with indications that lower numbers are being worked through. Several sources reported trading as low as $270 into the AL/GA and Eastern market, but confirmation between buyer and seller could not be obtained. There were reports that buyers have been pushing back hard on…