SOYBEAN OIL RALLIES ON GAINS IN DIESEL FUTURES THAT TRIGGER OIL/MEAL SPREADING

Soybean futures settled about 1/2 percent lower on Wednesday, pressured by weakness in soybean meal prices. Soybean meal prices, which lost between 1/3 percent and a little more than one percent, were pressured by oil/meal spreading. The spreading helped lift soybean oil futures, which rose about one percent on a sharp rally in diesel…