Illinois crude-degummed soybean oil basis was slightly weaker at FOB levels discounted to the benchmark soybean oil futures in Chicago, which broke out of a recent range to top $0.42 per lb this week.
US renewable diesel producers have reportedly switched from running RBD to crude-degummed soybean oil, which has weighed on refining margins.
“No one is trading much RBD [soybean oil] right now unless it is a logistics-related sale,” a trader told Fastmarkets.
Recent renewable diesel margins have not been as poor as the market had anticipated given the lack of much needed guidance on the Clean Fuel Production Credit (CFPC), or 45Z.
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01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...