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US crude-degummed soybean oil basis firmed week on week, with Gulf basis at a 200-400 basis point premium to March futures as of February 24. Biofuel producers had scaled back feedstock purchases amid uncertainty over the 45Z clean fuel credit, and some stand-alone biodiesel plants idled in January.
Soybean oil demand from biofuel producers is constrained by policy uncertainty, but a firmer basis signals tight nearby supply and export buying, which supports soybean oil prices.
fastmarkets.comAmanda LuhavaljaFeb 26, 2025Not enough comparable past events yet for a historical read.
Not 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.
