Biodiesel Activity

The BO-HO (bean oil/heating oil spread) experienced some relief as soybean oil futures retreated and ULSD HO prices edged higher. The BO-HO fell 3 cents to 65 cents per gallon. The equity markets and crude oil appear to be happy that Iran and the powers that be have reached an agreement.

Biodiesel RIN’s remain week in a market that has a less than inviting…