# Renewable diesel production growth causes market shifts: UDSA - The Jacobsen

> Fastmarkets raised its assessment of crude degummed soybean oil in central Illinois to $0.4236-0.4286 per lb on June 13, from $0.4179-0.4229 on June 12. Gulf Coast prices also rose on improved multi-sector buying interest. The move reflects stronger basis levels and firmer futures.

- Date: 2024-06-13 · published 2024-06-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29862-renewable-diesel-production-growth-causes-market-shifts-udsa-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger buying interest and firmer basis levels lift cash soybean oil prices, which supports the value of crushed meal and oil.

## Read by commodity

- SBO: bullish ▲

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/06/13/renewable-diesel-production-growth-causes-market-shifts-udsa/

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