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.
The EIA released their Monthly Biodiesel Production Report for July and the data from their survey shows that 121 million gallons of biodiesel was produced using 898 million pounds of feedstock. This is down 1 million gallons from June and it is also nearly 35 million gallons less than what the EPA reported through their EMTS data for July. July 2015 production equals the 121 million gallons produced in July of 2014.
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