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.
Hemp markets remain steady overall, without any dramatic changes. The consistency in the marketplace should help the process of market development, giving potential investors in the sector some additional confidence. This is within the context of overall market volatility, which is of historical proportions since the pandemic disrupted nearly everyone on earth. The recent momentum gained through optimistic reopening timelines has hit a wall early on, leaving us to wonder if a W-shaped recovery is a more reasonable expectation.
We’re in unfamiliar territory here, nobody really knows what to expect over the coming year, but we’re getting some glimpses. For instance, some schools are remaining closed, with many more likely to follow suit, and this has a radiating impact throughout the economy. Hemp industries included. Some parents can manage better than others,…