# Average weekly central IL crude degummed soybean oil at 20-week low - Fastmarkets

> Average weekly Midwest crude degummed soybean oil prices fell about 14% and RBD soybean oil fell 12% in the week to December 9, the crude degummed price reaching a 20-week low. Biodiesel margins improved as a result, while crude glycerin prices dropped to their lowest since January 2021.

- Date: 2022-12-13 · published 2022-12-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38339-average-weekly-central-il-crude-degummed-soybean-oil-at-20-week-low-fastmarkets
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower soyoil prices improve biodiesel margins, which can support renewable diesel and biodiesel crush demand, but falling soyoil also weakens the value of soybean crush economics for meal buyers.

## Read by commodity

- SBO: bearish ▼

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/crude-degummed-soybean-oil-price-low/

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