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.
According to the EPA’s latest EMTS data, 227.475 million biomass-based diesel gallons were produced. This is the 10th highest monthly production rate on record and the fifth highest rate this year. Production increased 5.52% from September and was up 1.2% from October of 2016. Year to date, 2.060 billion D4 gallons have been produced, 42.91 million…