WORLD VEGETABLE OIL PRICES CONTINUE TO MOVE LOWER ON WEAKNESS IN CRUDE OIL PRICES

Soybean futures settled a little more than 1/4 percent higher on Friday, supported by gains in soybean meal futures. Soybean meal futures rose almost one percent on meal/oil spreading and firming domestic cash demand. Soybean oil futures lost about 3/4 percent on profit taking in oil/meal spreads that was triggered by weakness in crude…