Soybean oil prices remain supported after RVO release

With the dust beginning to settle after the long awaited RVO release the market is seeing an underpinning of support for soybean oil. The edible oil has moved a leg higher on the price charts with support seemingly beginning to firm around the 33.90 cent per pound level.

Market prices rallied again today lifting July SBO futures prices 56 basis points to 34.73 cents per pound. Soybean oil prices appear to…