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.**
The estimated crush margin dropped 14 cents per bushel over the past week. This comes after dropping 15 cents the week prior. At $1.16 the estimated margin is at its lowest level in more than two years. Despite NOPA…