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.
Edible tallow traded up to $0.3400 Chicago this afternoon, two cars in the 30 day position. Tech tallow remains quiet with bids/offers far apart, but given the edible trade at $0.3400 and sellers turning down last half April bids at $0.3150, the market is certainly going to trade higher than $0.2950.
CWG trading was done at steady levels today with sellers reporting strong demand from both the feed and biodiesel industry. Lard traded at $0.2900 Chicago.
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