Biodiesel margins increases as prices soybean oil prices fall

In Illinois, Fastmarkets reports soybean oil prices have fallen for the first time in four weeks, helping to boost margins for biodiesel producers above the 10-cent spread where it had fallen to below recently due to higher feedstock prices. Soybean oil stocks were reported to be at a 24-month low in October, which had pushed prices higher, but the November update showed a 9% improvement in stocks, even if they were still down 17% on the year.

Category: Fuels