Biodiesel Market

The bean oil/heating oil spread fell back below $1 per gallon. Soybean oil rolled back of its recent highs after the Aug contract tested resistance at 34.28 cents per pound.  Soybean oil prices have been well supported since hitting recent lows in June. Weather concerns in the US and Canada have helped buoy pricing.  

RINs have been slow to react to higher feedstock costs, but today the B17’s were able to push 1.5 cents higher, with…