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 average credit price crept higher in June according to recently released CARB data. The credits average price moved from $22 to $28, its highest average since July of 2014. The average transaction price does not tell the whole story though, as the range in prices moved from $21 to $41, with prices moving steadily higher at months end. Brokers had reported…