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.
The market was fairly quiet today with trading limited to CWG at $0.2500 Mo. River and some lower forward sales of on DCO out of IL and the Mo. River markets. Packer BFT remains offered at $0.2800 Chicago, but sellers were having a difficult time finding any buyers willing to step forward and take ownership of product.
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