In Chicago, falling biodiesel feedstock prices are weighing on the biodiesel blending factor—boho—bringing them to seven-month lows at negative 30.85 cents/gal on Friday. These low costs should increase demand for blending. The boho factor has fallen nearly 20 cents in the past month thanks to expectations of a bumper soybean crop. Soybean oil makes up about 45% of US biodiesel production.
Category: Fuels