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.
Late Friday four cars of renderer BFT traded at $0.2800 Chicago. An additional eight cars of renderer were offered today and were unsold as of press time.
Corn oil action was lower into the Manly, IA market $0.2500 – $0.2600. Illinois trading was done as low as $0.2375 today.
Weekly Review
Fat prices swung higher for a number of selections last week. BFT saw the biggest jump with the weekly average finishing up 7.5% or 1.8…