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.
The US hide market has not had any surprises this week with travelers beginning to meet with customers ahead of the APLF. While not everyone is there yet, early reports suggest there has not been many hides traded nor any movement with pricing. A few tanners in Asia have told suppliers they are waiting until the show next week before they buy.
Today’s Market
There were no trades reported today but several…