World edible oil prices were down on Monday, with profit-taking and fresh selling weighing down palm oil and soybean oil futures to start the week. Crude oil markets settled more than $3.00 per barrel lower today, at $67.12 per barrel, ahead of the U.S. Federal Reserve’s meeting later this week, which also pressed on soy oil prices. Nearby July soybean oil futures ended at 53.98 cents per pound, down 61 basis points per pound, or 1.1 percent, while August soybean oil futures closed at 53.07 cents per pound, down 43 basis points per pound, or 0.8 percent.

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