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October/January soybean oil has slipped to a -0.80 cent per pound carry, a reversal of about 2.40 cents from late-May backwardation. Front-month BOGO fell to about $51 per tonne and December BOGO dropped 16% to roughly $221 per tonne.
The author argues the curve signals weakening confidence in biofuel demand and the RVO.
A flattening vegoil curve signals plentiful prompt supply and weaker forward biofuel pull, which is bearish for soybean oil and supports softer crush-driven meal economics. Buyers should expect limited near-term support for vegetable oil prices.
globalbiodiesel.comHenri BardonSep 11, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
