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.
The US hide market concluded the week with a fairly firm tone after several selections edged up around a dollar, including HTS at $67, BBS at $73 to $75 and BS at $63. Cow selections traded mostly steady with some of the dairy selections under pressure. People are heading east to visit customers ahead of the APLF and we will soon start to get a clearer picture on the market. Last week’s export sales showed pretty solid numbers and a number of…