The latest WASDE data sends soybean oil prices to multi year lows 

The December soybean oil futures contract hit a multi-year low of 28.79 before recovering slightly, ending the day with a 1.05 loss at 29.42 cents per pound. 2014/15 soybean crushing activity crushing activity was increased by 15 million bushels to 1.845 billion bushels.

Increased crushing activity pushed soybean oil production 150 million pounds higher. This trickled through the balance…