SOYBEAN OIL DOWN ON SHARP DECLINE IN PALM OIL FUTURES AHEAD OF MONTHLY PALM OIL DATA

Nearby soybean and soybean meal futures were marginally lower on Monday with the soybean contract down 2 1/4 cents and the meal contract off $0.40 per ton. Nearby soybean oil futures were down about one percent pressured, in part, by weakness in palm oil futures overnight. Funds were reported sellers of 2,000 soybean contracts,…