Heating oil prices climbed 2.3 cents to 1.476 per gallon, taking some of the pressure off rising soybean oil prices, which are up nearly 100 ticks or a penny a pound over the past two days. The run up in soybean oil prices has elevated the BOHO from the mid-90 cents range to just over a dollar per gallon. Today’s move higher in HO values pulled the BOHO back to $1 per gallon.
RINs offered a somewhat delayed and muted response to…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...