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The Boho factor, the spread between heating oil and soybean oil feedstock for biodiesel in New York state, fell to a more than three-year low of 21.99 cents/gal last Friday. Higher heating oil futures, supported by Middle East tensions and shrinking stocks, drove the narrowing while soybean oil prices fell.
A narrower Boho spread makes soybean oil less attractive as a discretionary blending feedstock versus heating oil, but the lower soyoil price may draw in blending demand that could push the spread back up. Soyoil and related vegetable oil prices are the main implication.
biofuelsdigest.comMeghan SappApr 16, 2018Not 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.
