09.20.2024
BOHO spread reaches two-month high
The BOHO spread rose sharply on Friday September 20 to its highest since late July, as October soybean oil futures on the Chicago Mercantile Exchange traded higher and ultra-low-sulfur...
**Please note – Ryan Standard will be out of the office Monday, August 28th until Monday, September 11th. In his absence, please contact Amanda Luhavalja at [email protected] with any questions, comments, or trading.**
Trading was mostly steady this week with some fluctuations up and down, typically within a penny, in the fats, oils, and grease markets. On a weekly average basis, packer BFT Chicago was up 0.6 percent from last week, but trading was limited to formula-based deals. Choice white grease was up 0.5 percent last week, trading in a range of 64-65 cts/lb FOB Mo. River. There was light trading this week, two trucks, done as high as 66 cts/lb, but the bulk was done at the 64.5 cts/lb average.
…