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.
Similar to the past several weeks, a small amount of hides are on offer with emphasis on heavier or “jumbo” hides with asking prices steady to $1 higher on a few selections. A few suppliers say interest has been quiet to slightly below this time last week with prices from steady to $1 below and better prices for popular higher-grading hides such as BBS and HNS. A marginal amount of business has been concluded with prices close to last week and…