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.
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The relative price of yellow grease to soybean oil in the River market for July slipped to 54.6%, down from 62.2% in June and well below last year’s 87.0%. This is the lowest relative price since March of 2018. Soybean oil prices have been firm the past few weeks at a…