BOHO hysteria stalls as soybean oil prices stumble

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BOHO hysteria stalls as soybean oil prices stumble

Alexandra Watts | 09.27.2024

The soybean oil/heating oil spread (BOHO) spread settled at 97 cents per gallon on Friday September 27, up by approximately 3% from last week’s closing value of 93 cents per gallon. The BOHO spread has had a strong run over the past month and a half, up by 85% compared with August 15.

Rising soybean oil prices have caused the BOHO spread to widen. Crude soybean oil futures on the Chicago Board of Trade (CBOT) settled at 42.18 cents per lb on Friday,...

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Runner market commentary
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US soybean, soymeal futures surge following hurricane damage

US soybean, soymeal futures surge following hurricane damage

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Several market participants reported an increase in bidding on Friday September 27 and a strong week of closed trades....

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Trading in the US cash market for vegetable oil remained dull in the week to Friday September 27. Activity...

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