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Platts reports the Bo-Ho factor, the spread between heating oil futures and soybean oil feedstock that signals discretionary biodiesel blending viability, reached a two-year high of 59.87 cents/gal on stronger soybean oil prices. Economics remain unfavorable for added blending despite the reinstated $1/gal biodiesel credit.
Higher soybean oil feedstock costs relative to diesel discourage discretionary blending, which limits soybean oil demand from the biofuel sector and weighs on producer margins.
biofuelsdigest.comMeghan SappJan 21, 2020Not 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.
