# Boho factor hits three-year low as heating oil prices jump  : The Daily Digest

> 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.

- Date: 2018-04-16 · published 2018-04-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65609-boho-factor-hits-three-year-low-as-heating-oil-prices-jump-the-daily-digest
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- DIESEL: bullish ▲

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/boho-factor-hits-three-year-low-as-heating-oil-prices-jump/

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