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...
Weekly Export Sales
Soybean export sales were up 52%, week over week, and were 18% better then their prior four-week average. Sales of 756.2 TMT were above analyst expectations that ranged from 300 to 550 TMT. Old crop sales came in at 754.4 TMT and pushed total commitments up to 94.8% with 29 weeks to go. New crop sales were 0.8 TMT. Soybean export sales are up 7%…