Soybean oil/heating oil futures price spread steady near $1 per gallon

Soybean oil/heating oil futures price spread steady near $1 per gallon

The price spread for soybean oil/heating oil (BOHO) futures improved in the week to Monday October 28, moving back above $1 per gallon, when losses in heating oil prices outpaced those in soybean oil prices.

The BOHO price spread was up by more than 8% week on week to $1.0091 per gallon on Monday.

In Chicago, the December soyoil futures contract settled at $0.4269 per lb on Monday, down by $0.0146 per lb, 3.3%, from $0.4415 per lb on October 25. Energy prices plunged, and this worked to drive the sell-off in the soybean oil market to start the week.

Since October 21, the front-month soybean oil futures contract has decreased by 0.7%, while spot ultra-low-sulfur diesel (ULSD) futures were down by 2.5%.

Soybean oil is the most heavily used feedstock in the production of biomass-based diesel (BBD), and the BOHO spread serves as a guidepost when measuring the profitability of producing biodiesel from soybean oil.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

06.20.2025

Sausage casings bulletin, June 20, 2025

Sausage casings bulletin, June 20, 2025

Runner market commentary

Membership required to view content.


...

Membership is required to vi...

06.13.2025

Sausage casings bulletin, June 13, 2025

Sausage casings bulletin, June 13, 2025

Runner market commentary

Membership required to view content.


...

Membership is required to view...

06.06.2025

Sausage casings bulletin, June 6, 2025

Sausage casings bulletin, June 6, 2025

Runner market commentary

Membership required to view content.


...

Membership is required to vi...

Latest Tweets