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.
Tech and edible tallow traded at $0.2700 Chicago this afternoon. Renderer and packer were offered out steady at $0.2800 and $0.2700, respectively. Sources commented that they doubted a market that was seeing good volumes of tech and edible move at $0.2700, would pay the current prices for BFT. Two cars of CWG traded at $0.2500 Chicago.
The Mo. River market saw action as low as $0.1800 for CWG this afternoon as sellers struggle to move heavy supplies. Sources…