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 an International Animal Proteins Bulletin next Thurday, Nov 23 due to the Thanksgiving holiday.**
The trading range into Indonesia is steady with values reported $340 – 370 CIF. A layer of unloaded containers currently providing a shell around the country, which is keeping prices depressed. Outside of Indonesia, demand is steady from a number of Asian countries. Trading into China…