Vegetable Fats & Oils

Vegetable Fats & Oils

 

Soybean oil feeling pressure from both crude oil production and the EPA

Soybean oil got hit not once but twice today as the March CBOT contract traded as low as $30.05 cents per pound before recovering slightly to $30.34. Yesterday afternoon the EPA announced that they had approved a RFS pathway for Argentine SME. A move that will likely provide a flood of the Argentine product into the country due to their differential export tax system, which allows them to sell…

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