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 edged lower over the latest reporting period. During the week ending July 7th, production averaged 1.007 million barrels per day, down 7,000 barrels a day from the…