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 higher over the latest reporting week, pushing back over the million-gallon average per day mark once again. During the week ending June 9th, production averaged…