Cash markets started off the week on a quiet note. Basis indications on U.S. interior soybean oil held to previous and somewhat generally wide bid-and-ask ranges.  

The U.S soybean futures complex traded on both sides of the ledger on Monday. The contract ended higher though, supported by a rebound in crude oil values and bullish weather forecasts for Brazil and planting progress. Consultancy AgRural reported on Monday that while soybean sowing in Brazil moved higher last week, it remains at its slowest rate since the 2015/16 crop year. 

In Chicago on the CME, December soybean oil futures ended the session up 38 basis points per pound, or 0.7 percent, but below 52 basis points per pound, at 51.91 cents per pound. January soybean oil futures finished at 51.06 cents per pound, up 77 basis points per pound, or 1.5 percent, on the trading day.

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