Refined Bleached Deodorized Soybean Oil

Pricing is for refined bleached deodorized (RBD) soybean oil (SBO) basis levels (discount or premium) to nearby CME SBO futures. RBD SBO can be traded in trucks or rail cars. Price discovery falls within our printed methodology (www.thejacobsen.com/methodology). Minimum volumes and specifications have been determined by discussions of market participants and with guidance from the specifications within the market trade associations

Price: US Cents per pound

Location: FOB Central IL or netback equivalent

Cargo Size: Minimum of 5 rail cars

Timing: Shipment date within 90 days of sale

Assessment: Monday – Friday until 3:00 pm CT. Any trades confirmed after 3 pm CT are reflected in the following day’s price guide. From the Friday before Memorial Day until the Friday before Labor Day, the Friday close of trade is 12 noon CT.

Specifications for RBD soybean oil are as follows:

To ensure that The Jacobsen is capturing accurate values, The Jacobsen takes into account trades, bids and offers and indications from the market as a whole on each given day. Trading takes priority in price reporting. In the instance of a wider price spread, volumetric considerations are used to determine a price as well as the hierarchy of price exclusions. Price spreads of greater than 5 percent can be included in the price guide after a peer review process.
Trade values need to be repeatable across the market.

All buyers are eligible to bid a market higher or offer the market lower as all sellers are able to offer product lower and bid the market higher. The bids and offers must be made to the market as a whole and are subjected to scrutiny by the PRA assessors to determine if the value is an economic reality.
All transactions must be made at arm’s length.