US soybean oil futures end lower after record November crush data

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US soybean oil futures end lower after record November crush data

Alexandra Watts | 12.16.2024

US soybean oil futures in Chicago ended the session on Monday December 16 with a solid loss.

The January soybean oil contract closed at $0.4172 per lb on Monday, down by $0.0089 per lb, or 2.1%, from a settlement of $0.4261per lb on Friday December 13.

The soybean oil market was down in early trading and remained in negative ground following the release of monthly soybean crush data from the National Oilseed Processors Association (NOPA).

NOPA reported that US soybean crush...

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November US soybean crush likely fell from record high: sources

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Market sources' average crush estimate for November was around 196.5 million-197 million bushels of soybeans.

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