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.
The reporting of acreage to Farm Service Agency (FSA) is something we have commented on a number of times recently. The original deadline has passed for reporting but was extended due to the pandemic. That August 15 deadline has also passed, but producers can report their acreage until September 15 and may or may not be assessed a late fee in light of current circumstances. Acreage reporting is used for a range of USDA programs, and is especially critical for the Federal Crop Insurance Program.
Hemp Bulletin reader and contributor Kim Harris is a Senior Policy Analyst with AgriLogic Consulting, the firm that developed the Federal Crop Insurance Program for USDA RMA. Harris is encouraging all producers to