World Vegetable Oil Prices Continue Rally Despite Sharp Decline in Crude Oil

Soybean oil futures bounced on Friday despite a sharp drop in crude oil prices as traders continued to push oil share higher from the multi-year low set on Monday. The rally left most contracts up about 1 1/4 percent (May contract +35 basis points per pound). Spreading by funds helped lift soybean oil despite a 5 1/2 percent drop in crude…