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.
Trading was quiet to close out the week with no changes reported. Inedible meatmeal exports for April were reported at 74,7410 MT, up 8 percent from year ago levels and down 14 percent relative to March. Indonesia was the largest buyer taking in 24 percent or 18,254 MT. China and Vietnam followed at 14,3434 MT and 13,258 MT, respectively. Mexico imported 12,136 MT in April.
Figure 1.
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