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 out and unsold at steady pricing for the Chicago market today. Chicago interest still appears to be tepid as the month draws to a close, but Gulf interest has picked up. Today’s antidumping rates were set as high 54.36 to 70.05% against Argentine SME imports. The rates combined with a static RVO should give biodiesel producers confidence to end the year at a strong rate.
Yellow grease values were reported higher out of the Illinois…