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…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...