# US crude-degummed soybean oil basis firms up week on week - Fastmarkets

> 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.

- Date: 2025-02-26 · published 2025-02-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/26119-us-crude-degummed-soybean-oil-basis-firms-up-week-on-week-fastmarkets
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/us-crude-degummed-soybean-oil-basis-firms-up-week-on-week/

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