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.
There was some clean up action in the ruminant and porcine MBM market today. Porcine training was done as low as $160 out of the Missouri River market. Sellers hanging onto any material at this time of the week are having to take a sharp discount in order to fit it into a tight logistics schedule. Feed grade poultry by meal traded at $285 into the AL/GA market late yesterday.
Figure 1.
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