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...
Strong job growth in the U.S. continues to drive discretionary spending. The dollar has rebounded back to the upper end of the 2023 range and is strengthening to push higher, which is generally negative for commodity prices. Advance retail sales at grocery stores remain above $73 billion, just off the all-time high of $74 billion, which is a good sign for the stay-at-home organic food industry.
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