RBD Soybean Oil Basis in Midwest Backs Down

RBD Soybean Oil Basis in Midwest Backs Down

Cash basis on crude-degummed (CD) and refined, blended, and deodorized (RBD) soybean oil in central Illinois has started to come off following talk last week that a renewable diesel (RD) producer was selling a big chunk of its soybean oil position back into the market due to operational issues and/or poor margins. Amid rising feedstock costs, margins for biodiesel and RD producers have been wading in negative ground.

The spread between CD and RBD soybean oil in Illinois continued to narrow, from 11.75 cents previously to 10 cents. RBD soybean oil is the preferred feedstock for many U.S. renewable diesel producers, particularly those that lack on-site pre-treatment facilities at their plants. There were rumblings that several RD plants may be offline, and this has brought a heavy portion of oil back to the market for the nearby and fourth quarter periods. 

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

06.27.2025

Sausage casings bulletin, June 27, 2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

Membership required to view content.


...

Membership is required to vi...

06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

Membership required to view content.


Membership required to view content.


Exchange rate:
EUR/USD — $1.153

Resale European hog runner:

06.24.2025

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

North American hog runners price published on Friday was incorrect due to a formula miscalculation. The original reported price of $1.63 has been corrected to the accurate rolling average...

Latest Tweets