**Please note – There will be no Vegetable Oil bulletin on Monday, January 1.**

U.S. soybean oil futures were higher on Wednesday following a session of thin, sideways trading. The January soybean oil contract closed above 48.00 cents per pound, up 33 basis points per pound, or 0.7 percent, at 48.24 cents per pound. March soybean oil ended at 48.66 cents per pound, up 15 basis points per pound. Light short covering by funds was sparked amid stronger world crude oil markets, which advanced in part from rising tensions in the Middle East.

…