RBD Soybean Oil Premium to Crude Degummed Approaches 12-Cents
Surging soybean oil costs along with softer biodiesel pricing combined to bring biodiesel margins to a 15-week low for crude degummed and yearly low for RBD. Biodiesel producers reported softer pricing for the fifth time in seven weeks as B100 prices dipped from $5.26 to $5.21 per gallon, but the main driver in last week’s margin collapse was a 7.3 percent rise in the cost for soybean oil.
Both RBD and crude degummed soybean oil (CDSO) saw prices scramble 7.3 percent higher last week on strong domestic demand and tightening supply. Reports indicate capacity is generally sold-out through the third quarter with the market being squeezed in the near term.
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
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Gulf prices average higher despite weeklong declines in SBO
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