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.
Old crop corn stocks in all positions on September 1, 2015 totaled 1.73 billion bushels, up 41 percent from September 1, 2014. Of the total stocks, 593 million bushels are stored on farms, up 28 percent from a year earlier. Off-farm stocks, at 1.14 billion bushels, are up 48 percent from a year ago. The June – August 2015 indicated disappearance is 2.72 billion bushels,…