Rising soybean oil prices take BOHO spread to 5-week high

Rising soybean oil prices take BOHO spread to 5-week high

Alexandra Watts | 08.30.2024

The soybean oil/heating oil (BOHO) spread moved to a five-week high in the week to Friday August 30 on stronger soybean oil futures and lower ultra-low sulfur diesel (ULSD) prices. The BOHO spread is often used as a measure of profitability in biodiesel and renewable diesel production when soybean oil is used as the feedstock.

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