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

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

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…

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