The bean oil/heating oil spread (BOHO) in the US climbed by 23% in the week to Friday August 23 compared with the week prior, primarily due to rising soybean oil and feedstock costs. A rising BOHO signals a more challenging economic environment for biodiesel and renewable diesel production.
Soybean oil futures on the Chicago Board of Trade (CBOT) rose by 4% in the week to Friday, elevating feedstock costs for biofuel production, and prices for ultra-low-sulfur diesel (ULSD) declined by 1%, which also provided upward pressure on the BOHO spread.
Prices for soybean oil and other feedstocks used to produce biofuel have been down in recent weeks. Soybean oil futures posted a year-to-date high of 49.55 cents per lb on July 5 and have been trending lower ever since.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...