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 traded lower out of the PNW this afternoon with trading done above and below the $285 for product with a lower or higher protein percentage than 50%. Trading out of the California market was lower as well. Sellers in the Panhandle and Mo. River markets were sold for the week, but expressed bearish sentiments.
Porcine trading was done at lower prices out of the Eastern IA/IL market and steady, in a tighter range, FOB Mo. River.
Poultry…