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.
Organic retail demand is predicted to rise during the balance of the 2019/2020 season according to the Jacobsen insight. A strong tailwind lead by increased demand for food purchased at supermarkets and big box stores will buoy demand. The rapid shift in US short term interest rates, in conjunction with fiscal policy will help further catapult purchases of organic good when pent up demand is unleashed and the coronavirus fades.
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