Cash soybean oil prices advance week on week

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Cash soybean oil prices advance week on week

Prompt US interior crude/de-gummed soybean oil cash prices moved up during the week ended Friday April 26.

Prices were higher due to stronger basis indications and gains in soybean oil futures on the Chicago Mercantile Exchange (CME).

Fastmarkets assessed the soybean oil, basis, crude/de-gummed, fob US Gulf at $0.01-0.00 per lb below the CME's May soybean oil futures contract compared with $0.025-0.010 per lb below the contract on April 19. 

Fastmarkets’ price assessment of soybean oil, crude/de-gummed, fob US...

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