Gulf SBO Basis Bounces Higher on Tight Supply

Gulf SBO Basis Bounces Higher on Tight Supply

Gulf Coast crude-degummed (CD) soybean oil cash basis moved higher this week. Offers bounced up from around 7 cents at midweek, with trading reported as high as 8.5 cents delivered rail on Thursday. Market participants attributed the runup in Gulf basis to several factors, including the move from October to December bean oil futures (with a big inverse), as well as tighter supply. 

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09.20.2024

BOHO spread reaches two-month high

BOHO spread reaches two-month high

The BOHO spread rose sharply on Friday September 20 to its highest since late July, as October soybean oil futures on the Chicago Mercantile Exchange traded higher and ultra-low-sulfur...

09.20.2024

US animal fats, oils finish week stable to higher; SBO hits monthly high

US animal fats, oils finish week stable to higher; SBO hits monthly high

The US animal fats and oils markets closed the week to Friday September 20 unchanged, with limited trade reported.

The only notable movement was in the Midwest yellow grease market,...

09.20.2024

Poultry by-product meal pet grade lower in Southeast; Sept on-feed cattle higher year on year

Poultry by-product meal pet grade lower in Southeast; Sept on-feed cattle higher year on year

US animal proteins were steady to slightly lower on Friday September 20. The only price change was on the Southeast poultry by-product meal pet grade due to increased production....

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