Soybean Oil Settles Higher

Soybean oil prices moved higher on Thursday as prices rallied with crude oil in overnight trading, but settled about 1/2 percent below the high of the day when crude oil gains evaporated at the beginning of U.S. trading. Soybean oil futures gained more than 1 1/2 percent (July contract +42 basis points) on strength in soybean futures and oil share spreading by the funds. The rally…