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.
As has been the case more often then not for the US Biodiesel industry it appears yet again we have the makings of another exciting year-end play. The Supply and demand balance that has been puzzling at times across the year appears to be tightening up and producers, both domestic and foreign, as well as buyers attempt to sort out how best to angle into the year-end events all must navigate….