Biodiesel Activity

Heating oil and soybean oil futures spelled a little relief for producers today.  HO stumbled 1½ cents higher and soybean oil slipped 33 handles lower. Both of which provided some relief to the BO-HO spread, which in turn fell back 4 cents to 65½ cents per gallon.

The direction of the BO-HO had little to no influence on biodiesel RIN values.  RINs continued their hypnotic move higher, almost as if they believe that a…