# Soybean oil/heating oil futures price spread steady near $1 per gallon - The Jacobsen

> 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.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27951-soybean-oil-heating-oil-futures-price-spread-steady-near-1-per-gallon-the
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A BOHO spread above $1 supports biodiesel profitability and soyoil demand, but the day's energy-led sell-off pressured soyoil prices.

## Read by commodity

- SBO: bearish ▼
- DIESEL: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/10/28/soybean-oil-heating-oil-futures-price-spread-steady-near-1-per-gallon/

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