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 came in at 475.2 thousand metric tons (TMT), up 35.1 TMT from last week but 5% less than the prior 4-week average. New crop sales were 3.3 TMT, up 1.2 TMT from the week prior and bringing total sales to 478.5 TMT. Combined season sales were up 8% and were within analyst expectations that ranged from 400…