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.
Packer BFT was offered a penny lower, $0.2600 Chicago with trading reported Chicago-basis late yesterday at the same value. The renderer market remains quiet. Chicago CWG last traded at $0.2500 in rail cars, but sources have commented that the market should be significantly less considering the Mo. River traded between $0.1750 – 0.1850 today.
Yellow grease traded at steady prices out of the NY market as well as into the Carolinas. West Coast trading was off…