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 are mostly steady, with only modest buying interest. Midwest rail offers have drifted lower. The lack of end user demand is expected to keep downward pressure on price. This downward price pressure should eventually reach a level low enough to attract new demand. The Illinois relative price to nearby soybean meal futures continues to languish below year ago…