04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
Corn gluten meal prices remain soft and are apt to drift lower due to ample supply and the lack of liquidity. Ongoing weakness in soybean meal futures is also keeping this a buyer’s market. There is an abundance of rail car supplies in the market. It may take a few more months before supplies tighten up enough for prices to firm. Corn gluten meal’s relative price to…