Soybean Oil Prices hold Support, as Wet Weather buoys Beans

Soy bean oil prices held trend line support, despite a heavy change of position last week according to the most recent comittment of traders report.  Prices could be buoyed following large rain fall in the mid-west following Tropical Storm Bill, which dumped rain on farmers who were already concerned about wet conditions. The additional rains may slow or prevent soybean plantings, which stand now at 87…