05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
RIN prices saw fractional price movement with the 2018 D4 RIN holding in the mid 30’s and the D6 trading around the 12 cent mark. Heating oil saw a 2.6 cent bounce to $2.28 per gallon while soybean oil prices continued to fall. SBO fell 22 ticks to 28.39 for Dec delivery. Stronger HO and lower SBO combined to push the BOHO spread four…