RBD Soybean Oil Continues to Hold 13 Cents Premium to Crude Degummed Soybean Oil  


Fastmarkets’ valuation of biomass-based diesel (BBD) margins continued lower as the sustained soybean oil rally has moved at a more rapid pace than the rise in biodiesel pricing. The weekly average soybean oil price increased two percent during the week ending July 21 and is up nearly 16 percent month-on-month. The continued rise in feedstock cost has pushed margins into the red, falling to levels not seen since 2021. Drought conditions across much of the Midwest, along with softer energy prices, imply continued headwinds for biodiesel profitability.

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