How does the RBD soybean oil basis futures contract work?
The Intercontinental Exchange RBD Soybean Oil basis futures contract trades as a differential to the Chicago price in cents per pound. The final settlement is a cash settlement, in cents per pound, based on the monthly average daily prices in the determination period (calendar month). The futures contract is cash-settled.
Why should you invest in RBD soybean oil futures?
By providing a mechanism to hedge against price fluctuations, the futures contract will help stabilize cash flows, enhance budgeting accuracy, and reduce profit volatility for those exposed to price movements in RBD soybean oil.
What is RBD soybean oil?
RBD Soybean Oil, or Refined, Bleached, and Deodorized Soybean Oil, is a more processed form of Soybean oil with some extra filtration and treatment steps involved in its manufacturing. But the prices still closely follow that of Soybean Oil. The first half of 2023 witnessed consistent oscillations in the RBD Soybean Oil market.
Is RBD soybean oil market oversupply?
According to Procurement Resource, the RBD Soybean Oil market is expected to continue fluctuating as the market is still oversupplied. But a consistent demand pattern also suggests some steadiness in market fundamentals. Procurement Resource provides latest prices of RBD Soybean Oil.
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