# Rising HOBO Spread Lifts Biodiesel RINs - The Jacobsen

> Heating oil fell more than 5% to a ten-week low of $1.15 per gallon while soybean oil slipped about 2%, pushing the soybean oil/heating oil spread to its highest since April 2016. Biodiesel RIN values rose more than 4% as a result, with the 2020 RIN at 73.5 cents.

- Date: 2020-09-08 · published 2020-09-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51196-rising-hobo-spread-lifts-biodiesel-rins-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A wider soyoil-to-heating-oil spread improves biodiesel margins and supports demand for soybean oil, while higher RINs raise the economics of blending.

## Read by commodity

- SBO: bullish ▲
- DIESEL: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2020/09/08/rising-hobo-spread-lifts-biodiesel-rins/

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