Cottonseed oil price slips; canola oil basis indications rise

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Cottonseed oil price slips; canola oil basis indications rise

Trading in the US cash vegetable oil market remained quiet on Tuesday August 20.

Fastmarkets assessed cottonseed oil, PBSY, fob Mississippi Valley for nearby delivery at $0.4800 per lb on Tuesday, down from $0.4950 per lb a week ago.

In the last week, cottonseed and corn oil prices have eased, in step with the recent plunge in the soybean oil market that sent futures prices below $0.40 per lb to 3½-year lows.

However, basis indications for canola oil have been on...

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