Biodiesel Market

Heating oil and soybean oil futures both moved lower on the first day of the week. Heating oil dropped 1.5 cents to $1.50 per gallon, and had the most impact on the BOHO spread.  Soybean oil futures fell 23 ticks to 33.01 cents per pound. The BOHO spread increased a penny to 93 cents per gallon.

Obligated parties appear to be re-entering the market on a consistent basis again.  This is the likely driver behind the strong move in…