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July soybean oil futures settled at $0.4572 per lb on May 30, down slightly from the previous day. Ultra-low sulfur heating oil futures closed near a one-year low at $2.3694 per gallon, narrowing the BOHO spread as a biodiesel margin proxy.
A widening BOHO spread raises biodiesel production costs, while the current level signals weak margins that can limit soyoil demand from the biofuel sector.
thejacobsen.comAlexandra WattsMay 30, 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.
