Crude oil futures ended the day down 59 cents per barrel, but closed the week more than a dollar higher. Heating oil futures closed fractionally higher on the day and up 4 cents per gallon to 1.93 for the week. Soybean oil futures moved lower today, which, when combined with the slightly higher move in HO, pushed the BO-HO spread 3 cents lower to 40 cents per gallon.
Biodiesel RINs remain range bound from yesterday, continuing…
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.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...