Soybean Oil Futures Tumble after WASDE Report

Soybean Oil Futures Tumble after WASDE Report

Interior U.S. soybean oil basis levels were flat to slightly lower over the last week. Buying interest appears to have stalled for now, sources said, after many of the larger players in the renewable sector secured coverage for nearby and fourth-quarter positions in August. Gulf crude-degummed (CD) soybean oil moved down to a wider bid-and-ask spread of 5 cents to 7 cents. Basis on refined, bleached, and deoderized (RBD) soybean oil in central Illinois for the first quarter was heard at 11 cents to 12 cents but those levels could not be confirmed at press time. The prompt RBD soybean oil market was mostly indicated in the mid-teens to the East and West Coasts.   

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

03.07.2025

Sausage casings bulletin, March 7, 2025

Sausage casings bulletin, March 7, 2025

Runner market commentary
Table 1

Membership required to view content.


Table 2

...

Membership is...

03.03.2025

EASA releases EU SAF mandate penalty reference prices

EASA releases EU SAF mandate penalty reference prices

The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...

03.03.2025

Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains

Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains

Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.

Latest Tweets