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.
US crop conditions for corn declined in the week to Sunday September 29, while soybean conditions were unchanged, according to the USDA’s weekly crop progress report released on Monday September 30.
Corn
Corn dented was reported at 96%, up by 4 percentage points from the previous week’s total but down by 1 percentage point year on year.
Corn maturity was reported at 75%, up by 14 percentage points from the previous week but down by 4 percentage points from last year’s figures.
Corn harvest is under way in 18 states, standing at 21% completed, up by 7 percentage points from last week and in line with last year’s value.
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