Conference, Plunge in Soybean Oil Prices Limit Trading

Conference, Plunge in Soybean Oil Prices Limit Trading

Market activity was dull again on Tuesday, with few price indications and or deals reported. Many sources were attending the Jacobsen Biofuels and Feedstock Conference in Chicago.

In addition to this, benchmark soybean oil futures crumbled again, which left many participants willinging sitting on the sidelines. On the CME, the most widely traded soybean oil futures contract (July) ended the session below 48 cents per pound at 47.45 cents per pound, down a whopping 224 basis points per pound, or 4.5 percent.

Distiller’s corn oil (DCO) traded early in the day at…

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