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.
Renderer BFT was offered down to $0.2850 this afternoon with no interest shown. Sources have reported that plenty of material remains, but interest has not shown at current levels. Ten cars of packer BFT traded at $0.2600 delivered, but outside of the Chicago rail corridor. The delivered Chicago value, according to the trade parties, was $0.2600. Three cars of edible tallow traded at $0.3200 Chicago.
Yellow grease traded down a penny out of the NY…