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.
Renderer bleachable fancy tallow (BFT-R) was bid steady today into/through the Chicago market and was untraded as of press time. Five cars of technical tallow, with two outside of the thirty day window, traded up this afternoon. Nearby availability on in-spec technical and BFT has tightened due to high temps pushing free fatty acid (FFA) levels higher. Strong export volumes for July and August have also contributed to the tightness in supply.
Yellow grease and poultry fat prices moved higher today. Again, heat remains an issue with producers struggling with FFA levels. Over the last three years, yellow grease into the Carolinas market has averaged 412 percent of the price of…