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.
Two cars of choice white grease traded up from the last traded level today. Missouri River action was steady with yesterday’s trading range. Yellow grease prices were steady FOB Illinois today in trucks. Used cooking oil prices moved higher FOB Illinois and UCO prices are higher into the Gulf for the 30 – 60 day and 60 – 90 day markets.
Distillers corn oil was steady this week, but demand remains strong. The EIA estimated ethanol production at 941,000 bbls per day for last week, up 19,000 bbl/day from the week prior. DCO production is estimated at just over 8.9 million pounds per day, up 2 percent from the week prior and down 10.6 percent from the prior, three year…