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, there was a change in Tuesday’s Mo. River packer BFT price. The price was corrected to $0.2650.**
Renderer BFT was offered out lower again today, $0.2900 Chicago. Packer tallow remains offered at $0.2850. As of press time, both markets were unsold and sources have commented that there is a lot of material floating around for the spot position. The recent climb in bean oil has lntroduced some positivity to the sellers, but only…