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.
Five cars of edible tallow traded at $0.3650 Chicago for thirty day shipment. Three cars of packer BFT traded for second half July this afternoon at $0.3500 Chicago. The trade is flat with the current market, but outside of the 30 day window. CWG trading was reported steady at $0.3200 Chicago. Bio buyers are reportedly showing less interest in CWG at this price with bean oil values at parity with CWG into their plants.
Yellow grease trading was reported…