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...
The market was fairly quiet today with traded volume slowing, but trading still done at lower levels. Gulf BFT traded down to 66 cts/lb delivered late yesterday. Ample nearby supply and a dearth of buyers in the nearby market continue to push prices lower. Trading was done for several trucks as high as 63 delivered Gulf on a netback basis, but outside of the physical delivered Gulf market. The bulk of volume in the market continues to trade at lower levels.
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