Cottonseed oil price bumps higher with rally in soybean oil futures

Cottonseed oil price bumps higher with rally in soybean oil futures

The US cash vegetable oil market was quiet on Monday May 13, with many market sources traveling to Chicago for Fastmarkets’ Biofuels and Feedstocks Americas 2024 Conference.

Fastmarkets assessed cottonseed oil, PBSY, fob Mississippi Valley for spot delivery at $0.52 per lb on Monday, up from $0.50 per lb on Friday May 10. Cottonseed prices moved higher with the ongoing climb in soybean oil futures.

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