DCO premium over CWG hits multi-month low
Lard traded steady on a Chicago basis, with 16 cars traded at 41 cents per lb.
Yellow grease...
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Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which is up 9% in the past week.
The BOHO spread measures the profitability for producing biodiesel from soybean oil. The higher the spread the more costly production. When the spread rises, RIN values generally increase to offset escalating production costs. The reverse tends to be true when the BOHO spread...
