09.20.2024
BOHO spread reaches two-month high
The BOHO spread rose sharply on Friday September 20 to its highest since late July, as October soybean oil futures on the Chicago Mercantile Exchange traded higher and ultra-low-sulfur...
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During the week ending August 31, U.S. soybean oil exports for the 2022/23 marketing year were 2,500 tonnes (MT), up sharply on the week and the four-week average. The USDA’s Weekly Export Report released on Friday showed the largest buyer was Mexico (1,700 MT). Total U.S. net soybean oil sales reductions of 900 MT for 2022/2023 were down noticeably from the previous week and the four-week average. Decreases were for Canada.
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