Biodiesel Market

The closing numbers

Blending/production economics improved over the week as the BOHO spread narrowed from 90 cents per gallon to 82 cents.  A strong drop in soybean oil prices over the later part of the week provided the momentum lower.  Soybean oil prices fell 101 points, moving from 34.61 to 33.6 cents per pound for the August futures contract.  Heating oil prices provided some additional help, rising a penny per gallon…