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...
Trading out of the Australian/New Zealand market was unchanged this week. The domestic market was fairly quiet with October tenders underway. Sellers remain concerned about potential demand delays coming from the Asian renewable market, but there is optimism amongst sellers over increased optionality with strong demand continuing from the US Gulf and additional demand coming into the market from the US West Coast.
European prices were mostly steady this week with few changes reported. There were some moves higher in the UCO market earlier in the week, but values settled steady to lower overnight.
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