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The soybean oil-to-heating oil (BOHO) spread, a measure of biodiesel and renewable diesel profitability, has fallen about 42% year to date to a four-year low. Heating oil prices are up about 8% while soybean oil is down about 6%.
A narrower BOHO spread signals weaker margins for soy-based biofuel, which reduces demand for soybean oil and supports lower oil prices. It is largely a continuation of the existing soyoil slide.
thejacobsen.comAlexandra WattsFeb 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.
