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The soybean oil/heating oil (BOHO) spread recovered above $1 per gallon on October 28, rising more than 8% week on week to $1.0091. December soyoil settled at $0.4269 per lb, down 3.3% on the day as energy prices fell sharply.
A BOHO spread above $1 supports biodiesel profitability and soyoil demand, but the day's energy-led sell-off pressured soyoil prices.
thejacobsen.comAlexandra WattsOct 28, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
