04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
According to the EIA’s Weekly Petroleum Status Report, ethanol production increased 1.4% to 961,000 barrels per day (b/d), which is the 13th highest weekly production rate on record. The rise in production expanded the ethanol industry’s demand for corn to 14.31 million bushels per day, a 194,000 daily bushel a day increase from the prior weeks average.
Average ethanol…