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.
In the coming weeks the EPA is poised to finally drop the much-anticipated news of their revised, yet still provisional 2014 RVO, as well as the provisional 2015, 2016, and 2017 targets for the D4 category specifically, and the market is positioning itself for the news to come. Gallons are being booked, feedstock is being purchased, and as we have contemplated,…