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…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...