Bean Oil Tumbles Following Weak Manufacturing Data

Soybean oil prices moved lower on Monday weighed down by declining commodity prices in the wake of the tumble in Chinese equities.  The slump in manufacturing which was reported in both the U.S. and China on Monday continue to reflect a global economy that is less than robust. 

The U.S. ISM manufacturing survey slid to 48.2 in December after falling to 48.6 in November, the weakest since June 2009….