# ULSD price hits lowest level since December 2021, helping raise BOHO spread to 1-month high - The Jacobsen

> CME ULSD futures closed at their lowest level since December 2021 on August 28, while soybean oil futures posted their highest close in two weeks. The combination lifted the bean oil/heating oil (BOHO) spread to a one-month high, and RIN prices rose to about 57 cents.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28876-ulsd-price-hits-lowest-level-since-december-2021-helping-raise-boho-spread-to-1
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower diesel weakens the relative economics of renewable fuels, but a wider BOHO spread and higher RINs support soybean oil demand for biodiesel, which tends to lift crush margins and meal output.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- DIESEL: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/08/28/ulsd-price-hits-lowest-level-since-december-2021-helping-raise-boho-spread-to-1-month-high/

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