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Cash SBO Basis Edges Lower on Waning Demand

Alexandra Watts | 09.13.2023

In central Illinois, crude-degummed (CD) and refined, bleached, and deoderized (RBD) soybean oil basis levels edged lower. CD soybean oil was pegged at 4.50 cents. Nearby RBD soybean oil and canola oil around Chicago were indicated at 13-14 cents, down from 13.5-14 cents previously. Indications for the first quarter of 2024 remain at an inverse, with RBD soybean oil trading reported at 11 cents to 12 cents and CD soybean oil near four cents for the upcoming three-month period.

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Cash SBO Basis Edges Lower on Waning Demand

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