# RBD soybean oil trading on 10-cent premium to crude degummed - Fastmarkets

> RBD soybean oil averaged 66.40 cents per pound in central Illinois, down 1.1 cents on the week, while crude degummed soybean oil fell 1.2 cents to 56.30 cents. The RBD premium over CDSO stood at about 10.1 cents, a 13-week high, within a narrow trading range.

- Date: 2023-04-19 · published 2023-04-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/15314-rbd-soybean-oil-trading-on-10-cent-premium-to-crude-degummed-fastmarkets
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A wider RBD premium signals firm demand for refined oil from renewable diesel producers relative to crude degummed oil. Weekly declines in both grades point to softer soybean oil prices, although biodiesel margins remain healthy on low feedstock costs.

## Read by commodity

- SBO: bearish ▼

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/rbd-soybean-oil-trading/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.