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 9.7 million gallons of biodiesel during December while exporting 9.4 million gallons. January 2021 imports were 20 percent below December 2020, while exports soared 600 percent to a five month high according the US Census Bureau. Import volume is off to a slow beginning in 2021 with the total for January at its lowest level since 2014, while export activity is at its highest January mark since 2014.
The…