Soybean Oil Prices Rally on Gains in Crude Oil and Soybean Futures, but Fund Spreading Limits Advance

A rally in crude oil prices and sharp gains in the soybean complex helped lift soybean oil futures by almost two percent (May contract +50 basis points per pound) on Monday. However, gains were smaller in deferred contracts, and fund liquidation of long oil share positions limited the advance. The rally, which was…