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...
In central Illinois, crude-degummed (CD) and refined, bleached, and deoderized (RBD) soybean oil basis levels edged lower. CD soybean oil was pegged at 4.50 cents. Nearby RBD soybean oil and canola oil around Chicago were indicated at 13-14 cents, down from 13.5-14 cents previously. Indications for the first quarter of 2024 remain at an inverse, with RBD soybean oil trading reported at 11 cents to 12 cents and CD soybean oil near four cents for the upcoming three-month period.
…