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.
A good amount of trading came in over the last two weeks from the end of June and early July. Trading out of the EU market was done in a range of €0,90 to €0,98 with the casings running on the more narrow side garnering a premium. The North American saw trading at $1.05 for a container.
Table 1.
Weekly EU trading and the rolling four week average is shown.
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