Daily Charts
Heating Oil and Soybean Oil Prices Diverge, Forcing BOHO Higher
Last week the market saw heating oil prices fall more than five percent to $1.15 per gallon, reaching a ten-week low. Soybean oil prices also moved lower, slipping nearly two percent to 32.77. This allowed the soybean oil/heating oil spread (BOHO) to push to its highest level since April of 2016. As the BOHO spread moves higher, RINs generally tend to move with the spread in order to cover the increased cost of producing biodiesel. Last week, this was reflected as biodiesel RIN values increased more than four percent. The 2020 biodiesel RIN ended the week at 73.5 cents, while the 2021 RIN closed at 69 cents.
RIN prices continued higher on Monday as soybean oil and heating oil futures…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...