# RBD soybean oil basis falls as refiners adjust to falling demand - The Jacobsen

> The refined, bleached and deodorized soybean oil basis fell in the week to December 4 as refiners faced declining forward demand. Biodiesel producers slowed or stopped feedstock purchases ahead of the shift from the blenders tax credit to the 45Z Clean Fuel Production Credit.

- Date: 2024-12-04 · published 2024-12-04T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/27053-rbd-soybean-oil-basis-falls-as-refiners-adjust-to-falling-demand-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Slowing biodiesel feedstock buying and weaker refiner demand reduce near-term soyoil bids, pressuring soyoil basis and prices.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-07-30 | [US crude-degummed soybean oil basis slips amid weak soy oil futures - The Jacobsen](https://feedsoft.ai/events/29356-us-crude-degummed-soybean-oil-basis-slips-amid-weak-soy-oil-futures-the-jacobsen.md) | -1.8% | -1.8% |
| SBO | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | -0.2% | -4.1% |
| SBO | 2024-08-01 | [Will US court ruling affect demand for soybean oil and meal?](https://feedsoft.ai/events/12100-will-us-court-ruling-affect-demand-for-soybean-oil-and-meal.md) | -1.0% | -2.2% |
| SBO | 2024-10-29 | [Soybean Demand Drops as US Biofuel Tax Credit Stalls - TT](https://feedsoft.ai/events/15173-soybean-demand-drops-as-us-biofuel-tax-credit-stalls-tt.md) | +5.8% | -2.0% |
| SBO | 2025-06-02 | [Soybean oil quotations are declining against the backdrop of uncertainty in the US biofuel market and falling oil prices, but the reduction of duties in India will strengthen demand](https://feedsoft.ai/events/10944-soybean-oil-quotations-are-declining-against-the-backdrop-of-uncertainty-in-the.md) | -2.3% | +5.8% |

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/12/04/rbd-soybean-oil-basis-falls-as-refiners-adjust-to-falling-demand/

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