WORLD VEGETABLE OIL PRICES DECOUPLE FROM CRUDE OIL AND RALLY BUT THE CORRELATION TO ENERGY IS LIKELY TO RETURN

Soybean oil prices decoupled from crude oil on Tuesday with crude continuing to plunge (down about six percent) and soybean oil recovering from the lowest prices since 2006. The rally, which was from historically oversold levels, left most contracts more than 3/4 percent higher (May contract +25 basis…