# European biodiesel premiums hit over 31-month lows on bullish gasoil-internal-News-APIs-Intermediates-NaturalExtracts-Fine Chemicals-Pharmaceutical Excipients-Pharmaceutical Equipment-Medicinal package-cphibiz

> European RME and FAME 0 biodiesel premiums fell to 31- and 32-month lows as ICE gasoil rose and Argentine soy biodiesel imports built stocks across Europe. CBOT soybean oil futures slipped to 32.67 cents per pound.

- Date: 2018-01-03 · published 2018-01-03T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/67050-european-biodiesel-premiums-hit-over-31-month-lows-on-bullish-gasoil-internal
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker European biodiesel premiums and rising Argentine imports pressure soybean oil demand and values in the export market.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- cphibiz.com: http://www.cphibiz.com/news/show.php?itemid=14132

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