# US crude-degummed soybean oil basis slips amid weak soy oil futures - The Jacobsen

> Central Illinois and Gulf crude-degummed soybean oil basis levels slipped as soybean oil futures fell for a third straight session. The decline followed a US Court of Appeals ruling on July 26 that vacated most EPA small refinery exemption denials under the Renewable Fuel Standard.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/29356-us-crude-degummed-soybean-oil-basis-slips-amid-weak-soy-oil-futures-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The ruling could cut biodiesel and renewable diesel demand for soybean oil, a key feedstock, which weighs on crush margins and soybean oil prices. Lower oil prices also reduce the value of soybean oil relative to meal.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-12-04 | [RBD soybean oil basis falls as refiners adjust to falling demand - The Jacobsen](https://feedsoft.ai/events/27053-rbd-soybean-oil-basis-falls-as-refiners-adjust-to-falling-demand-the-jacobsen.md) | +2.9% | -0.0% |
| SBO | 2025-05-15 | [Soybean, Soyoil futures slide; Wheat, Corn Rally \| The Brock Report](https://feedsoft.ai/events/24781-soybean-soyoil-futures-slide-wheat-corn-rally-the-brock-report.md) | -0.8% | -4.5% |
| SBO | 2026-10-14 | [CBOT soybean oil futures plunge as EPA biofuel proposal weighs on the market \| S&P Global](https://feedsoft.ai/events/502-cbot-soybean-oil-futures-plunge-as-epa-biofuel-proposal-weighs-on-the-market-s.md) | +2.4% | — |
| SBO | 2026-10-15 | [Soybean oil prices fall amid new US biofuel proposals](https://feedsoft.ai/events/510-soybean-oil-prices-fall-amid-new-us-biofuel-proposals.md) | +1.8% | — |
| SBO | 2026-09-23 | [Why are soybean oil futures stuck in neutral? \| World Grain](https://feedsoft.ai/events/17542-why-are-soybean-oil-futures-stuck-in-neutral-world-grain.md) | +0.0% | +4.1% |

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/07/30/us-crude-degummed-soybean-oil-basis-slips-amid-weak-soy-oil-futures/

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