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.
**Bob Lane is out of the office through Tuesday, December 22nd. In his absence please contact Ryan Standard at 630.797.5046 or [email protected] with any questions, comments or trading.**
Production in the U.S. Outpaces Consumption; U.S. Crude Poised for Export
Production continues to outpace consumption and the recent decline in product demand for distillates is alarming. Granted, oil traders have incorporated…