Nearby, Q4 RBD Soybean Oil Supply Still Tight in Illinois

Nearby, Q4 RBD Soybean Oil Supply Still Tight in Illinois

Crude-degummed (CD) soybean oil basis indications in central Illinois were pegged at 4.25 cents to 4.75 cents on Wednesday. Nearby refined, bleached, and deoderized (RBD) soybean oil supply in Illinois remained tight and hard to come by, sources said. Prompt offers for RBD out of the region were tossed around as high as 16 cents for delivery in trucks. Indications for the end of the fourth quarter in Illinois were slightly firmer at 12 cents to 13 cents but still at an inverse to the nearby position. RBD soy oil delivered to the West Coast was assessed at 15 cents for the final quarter of this year. 

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