U.S. soybean oil futures in Chicago ended mixed across the curve on Friday. the August and September contracts relinquished early gains and ultimately bowed to pressure from reports that a renewable diesel producer was selling a large portion of its soybean oil position back into the market due to operational issues and/or poor margins.

In addition, revised forecasts calling for short-lived heat in the Midwest Corn Belt also weighed on the front-end of the market. More favorable growing conditions due to the prospects of cooler temperatures and increased chances for precipitation next week come at a time when soybean crops in the region move toward their peak pod-setting phase. 

…