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.
Three cars of CWG traded steady at $0.3125 Chicago this afternoon. Action in the truck market was reported steady. Yellow grease trading was a bit lower today, $0.2675 FOB IL on the low side of the range.
Most buyers and sellers were content to sit on the sidelines today and take in the wild ride that is the CME. Bean oil values were off 45 points for the August contract and 47 for October. September corn settled 15 and ¾ points lower, the fat…