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.
CWG trading was the lone activity today with trading reported between $0.1700 – 0.1900.
BFT trading was flat last week as the weekly average caught up to the previous week’s $0.1900 trading. The softer fats did see a bit of a turnaround as feed demand has helped to nudge prices higher. Poultry fat saw the biggest increase, ¾ of a cent, with increases in the Mid South and AL/GA markets helping to drive the weekly average higher. Yellow grease…