RBD Soybean Oil Basis Heads Higher Again

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RBD Soybean Oil Basis Heads Higher Again

Alexandra Watts | 06.13.2023

Basis on refined, bleached, and deodorized (RBD) soybean oil in Illinois was up another 1.25 cents this week to 16.5 cents above July soybean oil futures. Interior supply remains tight, and demand is still firm.

Since May 31, RBD prices are up almost 11 cents, or 18 percent, to a three-month high at 71.93 cents per pound. With crude-degummed soybean oil basis fairly stable over the last two weeks, the price spread between RBD and crude-de...

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The

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Hemp Fiber Segment to Benefit from GOTS v 7.0

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The

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Rising Soybean Oil Cost Weighs on Biodiesel Margins

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RBD Soybean Oil Premium to Crude Degummed Approaches 12-Cents
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The US hide market was inactive over the weekend as most sellers wrapped up their business at the end...

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