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 US imported 15.6 million gallons of biodiesel during September while exporting 18.2 million gallons. Imports increased 38 percent over August, while exports declined 14.6 percent, according the US Census Bureau. Imported volume has reached 147.8 million gallons and is 17 percent over 2019 through September. The United States is averaging 16.4 million gallons of biodiesel…