World Vegetable Oil Prices Mixed as Traders Look Forward to Data to Determine the Next Move in Prices

World vegetable oil prices were mixed on Tuesday with soybean oil and nearby palm oil futures rising while deferred palm oil prices fell. Crude oil markets remained volatile and may have contributed to the gains in nearby palm oil. However, weakness in the West Texas Intermediate (WTI) contract during U.S. trading hours was not enough to push soybean oil prices lower.

Soybean oil futures rose…