Cash market starts to mop up excess soybean oil supply

Cash market starts to mop up excess soybean oil supply

Some of the excess soybean oil supply that has saturated the US interior cash market is being “cleaned up,” market sources indicated on Wednesday May 22.

Renewable diesel (RD) producers have reportedly “cleared” some of their stocks, with rumblings that some have started to wade back into the market for new supply.

Slower-than-expected feedstock demand growth from the US renewable fuel sector in the last year resulted in a build-up of domestic soybean oil supply that has crushed cash basis levels in the last few months. 

Still, USDA expects that soybean oil demand from the biofuel industry will ramp up in the coming months, reaching 13 billion lbs during the 2023/24 crop season. Biofuel demand for soybean oil represents 48% of domestic soybean oil supply, but increased RD demand for the feedstock has the potential to increase this level further. 

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