SBO Basis Still Weighed Down in Light Trade

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SBO Basis Still Weighed Down in Light Trade

Alexandra Watts | 01.08.2024

Basis levels on crude-degummed (DC) and refined, blended and deodorized (RBD) soybean oil in central Illinois and the Gulf remain depressed, market participants said. Supply is very abundant and demand, particularly from the biofuels sector, is still subdued. Indications for CD soybean oil in Illinois and the Gulf have narrowed and are close to parity. Some distressed RBD soybean product has been reported at levels below those listed in the pricing guide.

Very little actual trading has been taking place in the cash markets for...

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Sausage Casings Bulletin Jan 5, 2024

Sausage Casings Bulletin Jan 5, 2024

Runner Market Activity
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Corn, Soybean, and Wheat Export Sales Fall Below Expectations

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Most CME grain prices had a downward trend on Friday. The only grain price that increased was March wheat,...

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U.S. soybean oil exports for 2023/24 totaled 600 tonnes (MT) during the week ending December 28, 2023, the USDA’s...

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