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.
Per the EIA’s Weekly Petroleum Status Report, average weekly ethanol production remained very strong over the latest reporting period. During the week ending Aug 18th, production averaged 1.052 million barrels per day, down 7,000 barrels…