Vegoils commentary: central Illinois soyoil basis slips

Author: Alexandra Watts

Vegoils commentary: central Illinois soyoil basis slips

Fastmarkets assessed the

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at $0.020-0.035 per lb below May soybean oil futures on the Chicago Mercantile Exchange (CME) on Tuesday, down from $0.02-0.03 per lb below the contract on April 22.

The move in basis countered a slight uptick in futures prices on Tuesday. Fastmarkets’ price assessment for
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was $0.4181-0.4331 per lb, widen...

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