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 June EMTS data was released earlier today, showing that production continues at a pace that is more than strong enough to surpass the 2015 D4 mandate of 1.7 billion gallons. At the beginning of the year, production needed to average 141.7 million gallons per month to satisfy the mandate. However, production during the 1st quarter was sluggish, averaging only…