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.
The closing numbers
Argentina reportedly wasted little time on refocusing their sights on the EU. Rumor has it that two vessels loaded with Argentine SME are already in route to Spain.
The markets saw a quiet week from a trading perspective. Volumes were reportedly low as some participants had the aftermath of Harvey to attend to. For all our readers…