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.
Yellow grease trading was lower out of the Mo. River and NY markets. Trading out of NY was done in a tighter range, $0.2150 to $0.2200. Mo. River action was done at $0.2100 to $0.2200. CWG trading was reported at $0.2250 – $0.2350 FOB Mo. River in trucks.
Corn oil was quiet in the nearby market, but sources have reported sales/buys at lower numbers for the 60 day position. The nearby seems to have flattened out with buyers and sellers both comfortable with…