# BOGO drops on tempered soy optimism as gasoil remains the weak leg of the biodiesel trade despite backwardation

> Dec CBOT soybean oil fell 1% to $1,094.6/mt on Thursday while ICE gasoil edged up $2.75 to $721.25/mt. Backwardation in the Nov/Dec and Nov/Apr spreads widened.

- Date: 2025-10-30 · published 2025-10-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/22489-bogo-drops-on-tempered-soy-optimism-as-gasoil-remains-the-weak-leg-of-the
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Soyoil and gasoil spreads are firming on curve structure rather than real consumption, so underlying biodiesel demand is weaker than the price action suggests. Soyoil price support may fade if speculative positioning unwinds.

## Read by commodity

- SBO: bearish ▼
- WTI: neutral

## Sources

- globalbiodiesel.com: https://www.globalbiodiesel.com/post/bogo-drops-on-tempered-soy-optimism-as-gasoil-remains-the-weak-leg-of-the-biodiesel-trade-despite-ba

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