RIN price holds steady despite 13% BOHO decline

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RIN price holds steady despite 13% BOHO decline

Alexandra Watts | 06.14.2024

The renewable identification number (RIN) market showed some resiliency in the face of a declining bean oil/heating oil (BOHO) spread this week. The BOHO spread fell by 13% on Friday June 14, while RIN prices managed to climb by 2%.

A falling BOHO spread signals a less challenging economic environment for biodiesel and renewable diesel production. When the BOHO spread moves lower, RIN prices tend to decline, since profitability is improving. RINs generally cover the gap between profitability and loss,...

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Sausage Casings Bulletin June 14, 2024

Sausage Casings Bulletin June 14, 2024

Runner market commentary
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