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.
**Please note, there was a correction in the packer BFT price at 4 pm CT. The correct price of $0.3000 Chicago is noted.**
Six cars of packer BFT traded up a ½ cent at $0.3000 Chicago late yesterday. Trading elsewhere was quiet with mixed opinions on market direction. Grease supplies, both yellow and choice white, have been reported as very tight for rail shipment.
Trading out of the…