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...
Market Activity & Analysis
Today’s Market
Prices are staying in previous ranges. With a shortage in hides supply and brands closing down for a few months, demand seems to be very limited. The US hide market is in a standstill.
Today’s Trades
[HIDE-SALES]
Retail Shoe Sales 2017 to 2020
Retail shoe sales had been consistently above 2019 numbers through February, but it’s reasonable to expect that trend to snap sharply lower when the FRED releases sales data later this week. March, August and December have been the peak seasonal sales periods for shoes. August likely represents the back-to-school season and December represents a peak due to holiday sales. With a number of states and municipalities restricting activity amongst non-essential services it’s reasonable to expect footwear sales to remain depressed in…