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...
Organic soybean meal prices are getting the most attention in late January as subsidized Indian soybean meal imports might be a thing of the past. Soybean meal prices have been subdued for months, and now that imported prices are rising, there might be some merchandisers left scrambling for cover. Traders are also realizing that India might not deliver on products contracted during the balance of Q1 and Q2. Merchandisers see domestic…