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 fell 20% for the combined marketing seasons and 9% for the old crop season. At 459.2 TMT, old crop sales were within market expectations that ranged from 350-650 TMT; they were also 30% less than the prior four-week average. Total export commitments are 97% of USDA forecast with 27 weeks to go. Leading purchasers were China,…