Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the...
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 BOHO spread is often used a measure of profitability in biodiesel and renewable diesel (RD) production. A falling BOHO spread indicates production is becoming less expensive. Renewable Identification Number (RIN) prices tend to follow the BOHO spread’s movement.
RIN prices declined as the BOHO spread reached multi-month lows. Biodiesel 2024 (B24) RINs...