Canola Oil Basis Holds Firm on Supportive Demand

Canola Oil Basis Holds Firm on Supportive Demand

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Cash indications on crude corn oil in the Midwest eased about 100 basis points on the week to 66-67 cts/lb. Mississippi Valley cottonseed oil (PBSY) was still pegged at 74 cents per pound. Basis on crude-degummed (CD) soybean oil in central Illinois edged down to 4.75 cents, from 5 cents previously. 

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