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 done out of the Mo. River market at steady money. Trading elsewhere was very quiet. Sources reported interest for tallow, both tech and bleachable, at last traded levels, but offers were non-existent. The reported interest was for both the 30 day position and out through April with no offerings.
Prices were higher across the board last week. Bean oil values were up over ¾ of a cent. Heating oil saw a big…