Cash corn oil markets bounced higher on Monday due to an uptick in demand and gains in soybean oil futures. Basis indications on Midwest crude corn oil were up several cents from last week, most recently pegged at 68-69 cents per pound.

Global vegetable oil prices opened the week mixed, with palm oil futures lower on profit-taking but soybean oil markets advancing. On the CME in Chicago, September soybean oil futures ended the session at 65.05 cents per pound, up 92 basis points per pound, or 1.4 percent. December soybean oil futures finished at 61.15 cents per pound, increasing 93 basis points per pound, or 1.5 percent.

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