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.
Biodiesel B17 RINs traded up to a dollar and back down to 99 cents. The dollar mark, which had been a support level recently, worked as resistance today as RIN prices attempted to regain lost ground. There is still a lot of work for Biodiesel to perform even as production ramps…