07.05.2024
US BOHO spread rises 45%; RINs not keeping pace
The soybean oil/heating oil spread (BOHO) in the US rocketed 45% higher this week on rising soybean oil costs. The BOHO is a common metric used to gauge the...
Trading out of the Australian market was lower for the trading week ended Thursday June 20.
Restricted market access due to avian influenza cases in the states of Victoria and New South Wales combined with strong cattle slaughter have weighed on the market.
Australia’s cattle slaughter came in slightly behind the previous week’s pace at 129,469 head in the week ended June 14, but was up by 13.90% year on year. Year-to-date slaughter stood at 2,922,171 head.
Trading out of the New Zealand market was quiet, and slower seasonal production may be putting a floor in the nearby market, Fastmarkets understands.
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