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.
Trading in the tallow market was very quiet today with no action reported. CWG trading was steady, $0.2800 – 0.2875. Sources reported that truck interest is very strong and while there is Chicago rail interest at $0.3150, buyers can’t find an offer.
Yellow grease trading was up a ½ cent of the NY market, $0.2750. KS/TX trading was up a ½ cent from the previous low, $0.2750 – 0.2850.
Ethanol production was off 1.23% compared to the week…