SHARP RALLY IN CHINESE VEGETABLE OIL PRICES DRIVES SOYBEAN OIL AND PALM OIL FUTURES HIGHER

Soybean futures were marginally lower on Monday, pressured by declines in soybean meal futures and improving forecasts for South American weather with rainfall projected for Brazil and drier weather predicted for Argentina. Most contracts declined by less than 1/4 percent and remain near the recent high that was set on Friday….