SOYBEAN OIL PRICES SETTLE HIGHER FOR FIFTH STRAIGHT DAY

Nearby soybean futures settled 4 3/4 cents higher, while nearby soybean meal futures gained $1.50 and nearby soybean oil futures rose 11 basis points on Tuesday. Soybean complex prices were supported by a combination of gains in Chinese soybean meal futures overnight and an Oil World article, which suggested China would import more soybeans from Argentina due to the…