# US BOHO spread rises 45%; RINs not keeping pace - The Jacobsen

> The soybean oil/heating oil (BOHO) spread rose about 45% in the week to July 5, reaching its highest level since January 2 as soybean oil prices climbed to levels not seen since December 2023. RIN values have risen only about 15% so far.

- Date: 2024-07-05 · published 2024-07-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11584-us-boho-spread-rises-45-rins-not-keeping-pace-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher soybean oil costs squeeze biodiesel margins, and RINs lagging the spread may slow the response in biodiesel production, which weighs on soyoil demand support.

## Read by commodity

- SBO: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2024-07-08 | 5 | +10.4% | 2.8 | The BOHO spread jumped 45% as soyoil hit its highest since December 2023, showing the biofuel-linked rally in the week to July 5. |
| SBO | 2024-07-08 | 1 | +3.7% | 3.1 | Soyoil rallied through July 5 to its highest since December 2023 with the BOHO spread up 45%, showing biofuel-driven momentum that carried into the July 8 move. |

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/07/05/us-boho-spread-rises-45-rins-not-keeping-pace/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.