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.
Weekly Export Sales
Soybean export sales for the 2015/16 marketing year were 326 thousand metric tons (TMT), down 20% from last week and 16% less than the prior 4-week average. New crop sales were 720.4 TMT, up 112% from the week prior and bringing total sales to 1,046.4 TMT. Combined season sales were up 40% and were within analyst expectations that ranged from 400 to…