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.
Corn:
The corn harvest is 82 percent complete, up 10 points from last week and 13 points over the historical norm. Of the expected harvest, 12.2 billion bushels have been gathered with 2.7 billion bushels remaining. Eleven out of 18 reporting states are ahead of their historical harvest pace. The Dakota’s, Colorado, Iowa and Nebraska all are at least 23 points over average. Ohio is the largest producer furthest behind, trailing their average harvest pace by 24 points.
Soybeans:
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