Appeals Court Strikes Down EPA’s Denial of SREs
*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.
On November 22, a U.S. appeals court struck down a decision...
At the cash market, indications for soybean oil were lower at the Gulf Coast and central Illinois. Gulf crude-degummed soy oil eased to a bid-and-ask range of 6-7 cents, down from 7-8 cents previously. Refined, bleached, and deodorized (RBD) soybean oil in central Illinois was pegged at 11-12 cents for the fourth quarter of this year and 10-11 cents for the first quarter of 2024.
Soybean oil demand in the U.S. interior from the biodiesel and renewable diesel sectors has been on the thinner side of late, due to well covered positions and weak margins. Still, supply remains tight, according to market sources.