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.
Eight cars of edible tallow traded at $0.3700 Chicago this afternoon. Tallow action elsewhere was quiet, but sources continued to report interest at $0.3500 – 0.3600 for BFT.
Yellow grease traded in a wider range out of the IL market today, $0.2675 – 0.2750. Biodiesel bids were reported lower again today. Corn oil trading was quiet, but suggestions continue that the spot market is under pressure.
Poultry fat trading was sideways this afternoon.
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