# Soybean oil/heating oil futures price spread inches higher - The Jacobsen

> 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.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30340-soybean-oil-heating-oil-futures-price-spread-inches-higher-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A widening BOHO spread raises biodiesel production costs, while the current level signals weak margins that can limit soyoil demand from the biofuel sector.

## Read by commodity

- SBO: neutral
- DIESEL: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/05/30/soybean-oil-heating-oil-futures-price-spread-inches-higher/

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