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 887.8 thousand metric tons (TMT), down 39% from the previous week and 33% less than the prior 4-week average. New crop sales were 136 TMT, bringing total week-over-week sales to a 30% decline. Sales were within analyst expectations that ranged from 900 to 1,300 TMT. 2015/16 export commitments…