Soybean Oil Cash Basis in Illinois Down on Week

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Soybean Oil Cash Basis in Illinois Down on Week

Alexandra Watts | 08.16.2023

Over the last week, cash basis on soybean oil in central Illinois worked lower. However, outright prices moved higher over the last few days, in step with the recent uptick in soybean oil futures on the CME. Cash basis for crude-degummed (CD) soybean oil in central Illinois was indicated around four cents over September bean oil futures, leaving prices just shy of 71 cents per pound on Wednesday. Prompt basis indications on refined, bleached and deodorized (RBD) bean oil in Illinois were heard in...

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