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.
Two cars of technical tallow traded at $0.3600 Chicago this afternoon. Tallow trading outside of the tech market was very quiet.
Poultry fat was off into the Carolinas and Delmarva markets today and lower out of the Mid South as well. Heavy production has pressured prices lower. Sources have suggested that export material may be moving at a sharp discount to domestic pricing in order to try to keep the local markets from big drops.
CWG trading was…