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 out of the EU was done at higher levels this week €1,90 and 1,95. North American trading was lower with three loads seen at $1.85 and one at $2.00. Sources continue to report that the market is firm and the $1.85 likely represents the floor of the North American market.
Table 1.
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