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 soybean yield per harvested acre for the 2016/17 crop year was lowered 0.1 bushels per acre. This lowered 2016/17 production by 11 million bushels. Imports fell by 3 million bushels, exports increased by 4 million, the crush increased by 4 million, and other domestic use increased by 22…