World edible oil prices ended slightly lower on Tuesday, with palm and soybean oil futures ultimately sliding amid a stronger U.S. dollar, softer energy prices, and lower exports out of Malaysia. Losses were contained, however, as participants also positioned themselves ahead of the U.S. EPA’s RVO announcement on Wednesday. Following a one-week delay, the final figures are uncertain, but the agency is expected to modestly increase proposed renewable volume blending mandates for 2023-2025.
Following a seesaw session in Chicago, nearby soybean oil futures settled marginally lower on profit-taking. July soybean oil futures ended at 59.63 cents per pound, down 6 basis points per pound, while the August contract finished at 58.73 cents per pound, down 3 basis points per pound.
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