WORLD VEGETABLE OIL PRICES LOWER ON END-OF-MONTH POSITION SQUARING AND DISAPPOINTING MALAYSIAN EXPORT DATA

Technically-driven selling above the 10-day moving average and end-of-month position squaring drove soybean futures about 1/2 percent lower on Thursday. The decline pushed the continuous nearby contract to its lowest level in more than a week, but the contract remains in the lower end of the recent trading range. After the close, President…