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.
Trading in the protein market was very quiet today with little action reported. Porcine MBM traded as low as $260 FOB Mo. River. The bloodmeal market was lower out of the Mo. River at $1000 FOB.
Prices into Indonesia and China were steady for Meat and Bone Meal. Sources reported that the shipping window is rapidly closing for pre-Ramadan shipment. With the close of the pre holiday demand, sources are…