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…
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...