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.
**Please note, The Jacobsen will not publish a Sausage Casings Bulletin on Friday, Nov 24 in observance of the Thanksgiving holiday.**
North American trading was done in a range this week, $2.10 – 2.20 FOB at a container at each price. EU trading was steady €1,62. Outside of the reported trades, the action was quiet. Sources have suggested that prices have found a comfortable level.
Table 1.