# Boho continues slide, hits 71-week low  : The Daily Digest

> Soybean oil prices slid so far that the Boho spread between heating oil blendstock and soyoil in Illinois fell to a 71-week low, dropping more than 25% over nine sessions. A record soybean harvest and expectations of larger US soybean plantings this year have weighed on soyoil, while shrinking heating oil stocks are pushing the heating oil side higher.

- Date: 2017-04-06 · published 2017-04-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71600-boho-continues-slide-hits-71-week-low-the-daily-digest
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Soy oil is a major input for biodiesel, which makes up more than 55% of US output, so a weaker Boho spread cuts biodiesel margins and can reduce demand for soyoil. Lower soyoil prices also tend to weigh on crush economics and the value of soybean meal.

## Read by commodity

- SBO: bearish ▼

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/boho-continues-slide-hits-71-week-low/

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