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.
Corn oil trading was reported at $0.2900 FOB IL this afternoon and YG trading was steady out of the same market, $0.2675 – 0.2750. The topside of the LA and SF market moved up a penny, $0.2850 FOB for YG. Five trucks traded out of each market at that price.
Poultry fat was steady out of the Mid South market, $0.2600 – 0.2700 FOB and up into Delmarva, $0.2600 – 0.2700 delivered. Trading into the Carolinas was reported at a flat $0.2700 with offers reported as…