Vegetable Fats & Oils

Vegetable Fats & Oils

 

Bean Oil Reverses Earlier Gains Following Robust USDA Report

Soybean oil prices reversed earlier gains and fell the most since November after the government reported that inventories expanded in the U.S. Domestic stockpiles on Dec. 1 reached 2.524 billion bushels, the U.S. Department of Agriculture reported Monday. That’s the biggest for the date since 2006 and compares with 2.154 billion a year earlier. Analysts surveyed had expected 2.599 billion, on average.

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