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.
Nice cars of tech tallow traded at $0.2100 Chicago and CWG trading was done $0.1700 – $0.1900 Mo. River on what was otherwise a quiet day. Trading in the NY market continues to be reported all over the board, with light volume done at prices above $0.2000 for export. Local demand continues to be lackluster with sources reporting unsold offers at $0.1700 FOB.
As has been the case more often than not for the US Biodiesel…