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.
Canola prices have moved lower after experiencing a robust run up during the early part of December. Prices are under pressure along with most commodities, as a stronger dollar is eroding the value of intermediate products. With heating oil prices also moving lower, due to warmer than normal weather covering most of the east coast of the United States, the drag is effecting the price of…