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.
Tech tallow traded at $0.3000 Chicago for the 30-day position with some additional cars sold just beyond that mark as well. Sellers were out offering more material at this price, but as of press time the additional material was unsold. BFT remains quiet for both renderer and packer.
CWG trading was done at $0.2450 – $0.2500 in good volume out of the Mo. River market this afternoon. The Chicago market remains quiet.
Yellow grease was mostly quiet…