Soybean Oil Futures End Down, Off Lows after Neutral WASDE

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Soybean Oil Futures End Down, Off Lows after Neutral WASDE

Alexandra Watts | 03.08.2024

U.S. soybean oil futures ended down, but losses were somewhat pared ahead of the closing bell following another bearish to neutral monthly supply and demand report for soybean oil. Following a whipsaw session, the most actively traded soybean oil futures contract (May) on the CME closed above 46.00 cents per pound, at 46.17 cents per pound. This was down 18 basis points per pound, or 0.4 percent.

USDA's March World Agricultural Supply and Demand Estimates (WASDE) released on Friday showed a few marginal ...

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Lexi Watts out of Office March 8

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