Biodiesel Activity

Production economics looked a bit better by the end of the day than they did in the beginning, as heating oil futures moved higher, as crude advanced over $60 per barrel, while soybean oil futures edged lower. The BO-HO spread dropped 7 cents to 41 cents per gallon with HO advancing 5 cents to $2.00 per gallon and SBO falling 23 ticks to 32.81 cents per pound.

Making the economic picture even more appealing for biodiesel and renewable…