Daily Charts
Heating Oil and Soybean Oil Prices Diverge, Forcing BOHO Higher
Last week the market saw heating oil prices fall more than five percent to $1.15 per gallon, reaching a ten-week low. Soybean oil prices also moved lower, slipping nearly two percent to 32.77. This allowed the soybean oil/heating oil spread (BOHO) to push to its highest level since April of 2016. As the BOHO spread moves higher, RINs generally tend to move with the spread in order to cover the increased cost of producing biodiesel. Last week, this was reflected as biodiesel RIN values increased more than four percent. The 2020 biodiesel RIN ended the week at 73.5 cents, while the 2021 RIN closed at 69 cents.
RIN prices continued higher on Monday as soybean oil and heating oil futures…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...