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 market was fairly quiet this afternoon with not a lot of volume reported. Three trucks of ruminant were reported out of the Mo. River market at $295. The Dal/Hou market fell to a flat $300 and trading out of the IL renderer market was done at $275. Porcine MBM traded at $285 – 310 FOB Mo. River. Sources have remarked that there is a lot of “puking” happening in the market, which can be read as, a lot of material is getting dumped under the table. Hog kills…