Daily Charts
Biodiesel RINs Hold Following Yesterday’s BOHO Related Rally
The bean oil/heating oil (BOHO) spread jumped 11 points yesterday following a move higher in soybean oil prices and a move lower in heating oil. This triggered a rise in Biodiesel RIN values. In today’s trading, the reverse scenario played out as the BOHO fell five points due to rising heating oil and lower soybean oil values. RINs held their ground today, which is exactly what producers were hoping would happen.
Two Midwest biodiesel producers The Jacobsen spoke to said they expect production to stay strong through October and that RINs need to stay at these levels, or higher, in order for the economics of production to make sense.
Ethanol RINs saw a solid boost in price earlier in the…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.