I disolve beeswax in Gum Turpentine - the type made from trees - in a 3 parts turpentine to one part beeswax mix to start. No need to heat the mixture. This mixture maybe adjusted up or down to get the spreading properties you like.
The gum turpentine will be adsorbed by the wood carrying beeswax with it. One fairly thick coat applied on the spinning piece, apply pressure to get a heat build up, allowed to dry then buff with brown paper grocery sack give a nice low luster shine. The turpentine will flash off over time leaving the ever searched for "food safe" finish.
I also use this mixture as a rust preventative, lubricant for the spindle threads, screw chuck thread release, minor cut dipped in the mix disinfects and seals the wound, wood drawer slides lubricant. Really thin maybe used as a furniture polish. A myriad of uses.
Hope this helps