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.
Corn crop conditions worsened in the poor to very poor categories but held steady in the good and excellent. Fields ranked as poor to very poor increased from 8% to 9%. Those rated as good to excellent held at 69%, which is 7 points less than the 76% seen at this time last season. Illinois, Indiana and Ohio continue to struggle with worsening conditions, as…