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.
Please note, The Jacobsen offices will be closed on Monday, February 20th in observance of the holiday.
Three cars of packer BFT traded at $0.3050 Chicago to an end user this afternoon. CWG was reported at $0.2700 Chicago. Yellow grease was a flat $0.2400 out of the Illinois market. Sources have reported that demand from the biodiesel industry was quiet today with RINS falling, perhaps related to the confirmation of Scott Pruitt, and lower…