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 was steady out of the Mo. River this afternoon, but did trade lower into the Eastern market and out of the Dal/Hou market. Porcine trading was reported at $265 – 285 FOB Mo. River today with suggestions that material may quietly be trading below $250. The SBM market dropped below $300 today, but MBM is still very well priced against bean meal that a $4 drop shouldn’t have that much on impact.
Feather meal trading was quiet with a few…