Heating oil futures dropped 2 cents per gallons to $1.85 while soybean oil futures moved 23 ticks higher to 31.82 cents per pound. Lower HO values and stronger feedstock (soybean oil) prices both work to push the bean oil/heating oil spread higher. Today’s moves lifted the BO-HO spread 4.5 cents to 49 cents per gallon.
A higher move in the BO-HO spread generally indicates a less attractive production environment, which would…
01.30.2025
Diamond Green Diesel will look to Europe for RD, SAF: Valero
The most attractive markets for renewable diesel (RD) and sustainable aviation fuel (SAF) are Europe and the UK, Eric Fisher, senior vice president of US-based fuels producer Valero, said...
01.30.2025
DCO holds firm while animal fats sentiment softens amid market uncertainty
Activity in the US animal fats and oils markets eased on Thursday January 30 as the month neared its end on a more cautious note amid ongoing uncertainty.
01.30.2025
Limited hide bidding interest; some Chinese tanners engage for discounts
Several hide sellers noted limited bidding interest on Thursday January 30, except for one packer who received strong volume bids from Chinese upholstery and shoe tanners despite the ongoing...