# BOHO Spread Reaches 4-Year Low on Falling Soybean Oil Values - The Jacobsen

> 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%.

- Date: 2024-02-28 · published 2024-02-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31769-boho-spread-reaches-4-year-low-on-falling-soybean-oil-values-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- DIESEL: bullish ▲

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/02/28/boho-spread-reaches-4-year-low-on-falling-soybean-oil-values/

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