Biodiesel Market

The HOBO benefitted from soybean oil prices that accelerated to the downside. Bean oil futures dropped 50 ticks or ½ a cent per pound to 36.06 cents per pound.  Soybean oil prices followed agricultural commodities lower as a stronger dollar has been putting pressure on dollar denominated exports. With heating oil prices unchanged, the HOBO spread was free to follow soybean oil prices lower, and it…