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.
Weekly Export Sales
Soybean export sales for the 2015/16 marketing year were 2,506 thousand metric tons (TMT), up 91% from the previous week and 153% higher than the prior 4-week average. New crop sales were 4.4 TMT. Combined sales were within analyst expectations that ranged from 1,200 to 4,000 TMT. 2015/16 export commitments are 44% of the USDA forecast with 48 weeks to…