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.
Vegetable Oils Prices Jump on Bullish Fundamental Data
Vegetable oil prices jumped sharply on Monday as bullish fundamental data for palm oil exports and soybean oil usage in biofuel production combined with a rally on the Dalian exchange to trigger buying. Once again, crude oil futures rallied during U.S. trading hours, after trading lower for most of the overnight session.
Soybean oil futures rose as much as 2 1/2 percent (September contract +75 basis points per pound) to settle at a post-pandemic crash high. Selling above…