Daily Charts
RINs Move Lower with BOHO Spread
A sharp decline in soybean oil prices this week has erased the past two weeks of price appreciation. Today’s close has soybean oil futures down 7.2 percent from Friday and at their lowest level in nearly four weeks. Heating oil futures are also lower, but only 4.4 percent from Friday’s close. The more rapid decline in feedstock (soybean oil) costs relative to heating oil, has allowed the bean oil/heating oil spread (BOHO) to fall 9.5 percent to $1.30 per gallon, reaching its lowest level in 12 trading days.
The decline in the BOHO spread has taken some of the air out of recent RIN prices. The B19 RIN is down seven percent this week, while the B20 RIN has slipped just over three percent. Despite the decline, some of the biodiesel producers…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...