Biodiesel Market

Closing Comments

Blending economics improved as the bean oil/heating oil spread dropped 5 cents to a credit of 24 cents per gallon. This is the lowest level the spread has reached since October 3, 2014. Today’s drop was due to the combination of rising heating oil prices and lower feedstock/soybean oil cost.  Heating oil climbed 3 cents to $2.23½ per gallon while…