Soybean Oil Continues Rally, but Profit-Taking Pressures Palm Oil

Soybean oil futures continued to climb on Tuesday as a rally in crude oil prices contributed to profit-taking in short oil share positions. Prices were also supported by buying above the 20-day moving average. However, resistance at the 27-cent level limited the advance, with most contracts rising 1/2 percent or less (May contract +14 basis points per…