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.
**Please note, The Jacobsen will not publish an International Animal Fats bulletin next week due to the Thanksgiving holiday.**
Trading out of the ANZ markets were flat this week with no changes reported. Both China and Singapore are showing interest, but holding back on big purchases. Spring production is underway in NZ and supply will increases in the coming weeks before the holiday…