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 was steady on porcine MBM out of the Mo. River market this afternoon in light volume. Trading out of the DAL/HOU market was up, trading at $285 as did the Illinois market. Porcine bloodmeal was reported steady at $800 FOB Midwest.
The trading range into Indonesia narrowed to $5 this past week, with reports of trading $445 – 450. Exporting markets are seeing improved local trading and have pushed up their…