Interior US crude-degummed soybean oil basis weakens slightly

Author: Alexandra Watts

Interior US crude-degummed soybean oil basis weakens slightly

In the US interior, cash basis levels on crude-degummed and refined, bleached and deodorized (RBD) soybean oil remained very subdued and under additional pressure in the week to Thursday January 9.

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...

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