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 came in at 655.6 thousand metric tons (TMT), down 69% from the previous week and 62% less than the prior 4-week average. New crop sales were 0.9 TMT, which had overall sales for the week down by 70%. Total sales of 656.5 TMT were well below analyst expectations that ranged from 1,200 to 2,100 TMT….