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Platts reported that the boho factor fell to 5.87 cents/gal on May 9, its lowest level since November 2014. The decline came as ULSD futures reached their highest since February 2015 while soybean futures rose faster than diesel.
A lower boho factor makes biodiesel blending more economic, which can support soybean oil demand. The move also reflects firmer diesel prices that tend to lift biofuel margins.
biofuelsdigest.comMeghan SappMay 10, 2018Not enough comparable past events yet for a historical read.
Not 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.
