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…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...