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.
Last week we reported on the revised cannabis banking bill, the SAFER Banking Act, bound for the Senate Banking Committee. The bill was cosponsored by Senators Steve Daines (R-MT) and Senator Jeff Merkley (D-OR). Committee Chair Senator Sherrod Brown (D-OH) spoke at the outset of a September 27 meeting, where the committee ultimately voted 14-9 to advance the legislation.
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