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.
Four cars of packer BFT traded at $0.3425 this morning, which was the sum of the reported action today. This week saw a heavy volume of packer material trade, 17 cars total at the $0.3425 price. Three cars of edible tallow traded at $0.3550 this afternoon. Renderer tallow was quiet this week with the market seemingly well sold on a formula basis. If there is no spot action by the end of trading Monday, the renderer price will be unquoted.
The USDA released…