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.
The protein market was quiet and unchanged this afternoon. Feather meal pricing was quoted flat out of the AL/GA market as was the poultry meal market. Sources have commented that there may be a bit of spot material left to move and they anticipate trading it tomorrow and/or Wednesday before closing out the year.
If prices continue to trend lower this week, it will mark the 20th straight week that MBM prices have…