# RBD Soybean Oil Basis in Midwest Backs Down - The Jacobsen

> Cash basis for crude-degummed and RBD soybean oil in central Illinois eased after reports that a renewable diesel producer was selling a large part of its soybean oil position due to operational issues or poor margins. The CD-RBD spread narrowed from 11.75 to 10 cents, and rumors suggested several renewable diesel plants may be offline.

- Date: 2023-08-02 · published 2023-08-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34663-rbd-soybean-oil-basis-in-midwest-backs-down-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Offloading soybean oil from idled renewable diesel plants adds nearby supply and weakens Midwest oil basis, though the bearish effect depends on whether the plants restart.

## Read by commodity

- SBO: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2023/08/02/rbd-soybean-oil-basis-in-midwest-backs-down/

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