December soybean oil futures end session higher after weekly rally

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December soybean oil futures end session higher after weekly rally

Soybean oil futures on the Chicago Mercantile Exchange ended a volatile trading week higher on Friday November 8.

The benchmark December soybean oil futures contract settled at $0.4877 per lb on Friday, up by $0.0045 per lb, or almost 1%, from a close of $0.4832 per lb on Thursday November 7. Week on week, the most actively traded soyoil futures contract was up by more than 5% in value. 

Aside from the ongoing rally in palm oil prices in Malaysia, the other...

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