World Vegetable Oil Prices Drop on Concerns about Demand

Weak crude oil prices and fund spreading broke the streak of higher daily prices in the soybean oil market on Thursday, with most contracts down about 1/2 percent (May contract -14 basis points per pound). Slowing ethanol production, which will reduce the availability of distillers’ dried grains (DDGs) to the feed industry, triggered buying in the soybean meal…