Soybean Oil Prices Move Higher as Hedgefunds Unwinds Short Oil Share Positions

Soybean oil prices are slightly higher this week, as grains received a boost following news that the current trade spat between the U.S. and China is on hold. Treasury Secretary Mnuchin was on the tape over the weekend, saying that progress has been made and that China would begin to import more U.S. goods including grains.  NOPA reported a record April crush beating…