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.
It was an active day in the market with big volume booked for the Chicago rail market. Four cars of BFT traded steady at $0.3500 and three cars of renderer traded at $0.3600. Eight total cars, two of which are within the 30 day window, of CWG traded down a ¼ of a cent at $0.3125.
Yellow grease trading was done $0.2700 – 0.2750 FOB IL. Mo. River trading was reported $0.2625 – 0.2700. Trading elsewhere was steady. Sources reported that bio plants may be…