Daily Charts
The bean oil/heating oil spread (BOHO) commonly referred to as the HOBO spread, received relief from falling soybean oil futures. Soybean oil futures ended the week at 32.84 cents per pound, down nearly seven percent from last week’s close but they remain 15 percent higher than they were at this time last year. Heating oil futures declined three percent for the week, but not enough to offset the soybean move. This allowed the BOHO spread to fall 10 percent to $1.29 per gallon.
The lower BOHO spread took some pressure off biodiesel RINs, which were down 8.6 percent to 74 cents for the 2020 biodiesel RIN. The 2020 ethanol RIN also moved lower, falling six percent to 47.25 cents. California’s LCFS credit remains range bound in the mid to upper $190’s where it has spent the majority of the past four…
01.22.2025
Be8, Cemvita to study glycerin-to-SAF feasibility in Brazil
Brazilian biofuels producer Be8 and US-based biotech company Cemvita signed a memorandum of understanding to study the technical and economic feasibility of converting glycerin into sustainable aviation fuel (SAF),...
01.22.2025
CWG prices jump 17% from prior week on strong renewable demand
The choice white grease (CWG) market continued to trade higher on Wednesday January 22 with deals done as high as 42 cents per lb FOB Missouri River, but the...
01.22.2025
US weekly wheat, soybean export inspections decline; corn up 7%
Export inspections of US grains showed a decline for soybean and wheat, while corn increased in the week to January 16, according to data from the USDA released on...