Daily Charts
RINs Move Lower with BOHO Spread
A sharp decline in soybean oil prices this week has erased the past two weeks of price appreciation. Today’s close has soybean oil futures down 7.2 percent from Friday and at their lowest level in nearly four weeks. Heating oil futures are also lower, but only 4.4 percent from Friday’s close. The more rapid decline in feedstock (soybean oil) costs relative to heating oil, has allowed the bean oil/heating oil spread (BOHO) to fall 9.5 percent to $1.30 per gallon, reaching its lowest level in 12 trading days.
The decline in the BOHO spread has taken some of the air out of recent RIN prices. The B19 RIN is down seven percent this week, while the B20 RIN has slipped just over three percent. Despite the decline, some of the biodiesel producers…
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...