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.
The US imported 24.2 million gallons of biodiesel during November while exporting 3.1 million gallons. Imports were 28 percent over October, while exports declined 34 percent, according the US Census Bureau. 2020 Import volume is 190.9 million gallons and 22 percent over 2019 volume through the same 11-month time frame. The United States is averaging 17.4 million gallons of imports each month, which is about two million…