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.
It was a very quiet week with the only trading reported being two containers of material out of the EU market at 0,90€. Trading has been fairly consistent in the 0,90€ range over the last four weeks. The dip in the US$ this week has pushed the dollar equivalent up a penny to $0.9700.
North American trading was non-existent this week.
Table 1.
Weekly EU trading and the rolling four week average is shown.