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 quite a bit of action in the MBM markets throughout the day. Ruminant MBM traded $372 – 382 FOB Mo. River and $370 – 389 FOB Panhandle. Both of the markets saw very good volume at the $378 mark. Trading in both Illinois markets was lower, $380 – $385 IL and $360 IL Renderer.
Porcine trading saw good volume trade at lower numbers, $385 to $400 Mo. River and $395 to $400 Eastern IA/IL.
Seven trucks of ruminant blood meal were reported out of…