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.
There was a remarkable dearth of trading, speculation or rumor propagation this afternoon. Bean oil prices closed higher for the third straight session, ending the week at $0.3194 for the May contract. Heating oil values were off, down for the fifth straight day, shedding nearly 10 cents this week.
The EPA released March EMTS numbers today showing 178.96 million D4 gallons produced for the month. During Q1 there were 342 million gallons of biodiesel reported…