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.
Trading was lower, relative to last week, at $1.18 North American. Most are calling the North American market at $1.35 – 1.50 range. EU trading was seen anywhere from €1,22 – 1,60. Sources continue to report very, very strong demand from China and the start of baseball in the US and Canada and early, warm temps should continue to add bullishness to this already very, strong market.
Table 1.
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