Basis on refined, bleached, and deodorized (RBD) soybean oil in Illinois was up another 1.25 cents this week to 16.5 cents above July soybean oil futures. Interior supply remains tight, and demand is still firm.
Since May 31, RBD prices are up almost 11 cents, or 18 percent, to a three-month high at 71.93 cents per pound. With crude-degummed soybean oil basis fairly stable over the last two weeks, the price spread between RBD and crude-degummed, or the refining margin, has been gradually creeping higher to levels not seen since September 2022. The margin is now at 13 cents per pound, up from 11.5-12 cents per pound last week and 10 cents per pound in early May.
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01.10.2025
Canadian government awards $11 mln in renewable fuels grants
Canada’s federal government announced on Tuesday January 7 more than C$11 million in grants to support the development of renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel.
01.10.2025
Draft 45Z guidance shakes UCO markets, boosts prospects for domestic feedstocks
Draft regulations for the Clean Fuel Production Credit (CFPC), part of the Inflation Reduction Act (IRA), were released on Friday January 10 by the US Treasury Department and the...
01.10.2025
Sausage casings bulletin, January 10, 2025
Runner market commentary
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