Soybean oil futures rebound on technical buying

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Soybean oil futures rebound on technical buying

Soybean oil futures closed higher on Thursday May 16 amid technical buying. 

On Thursday, July soybean oil futures on the Chicago Mercantile Exchange (CME) closed at $0.4452 per lb, up by 97 basis points, or 2.23%, from $0.4355 per lb on Wednesday May 15.

Soybean oil futures rebounded on Thursday after decreasing midweek on data from the National Oilseed Processors Association (NOPA) that showed US...

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