Vegetable Fats & Oils

Vegetable Fats & Oils


Soybean oil prices have fared well in recent days; trend unlikely to continue

Soybean oil prices hit a multi-year low of 29.32 cents per pound on January 29. The last time prices were at that level was the week of December 8, 2008.  Since the 29th prices have bounced, hitting a recent high of 32.58 on February 13th.  The last couple trading days has seen SBO prices drift lower, today testing support around 31.50 before recovering.

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