US soybean oil futures market sinks before weekend

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US soybean oil futures market sinks before weekend

US soybean oil futures in Chicago were sharply lower on Friday September 6 due to profit-taking and the liquidation of long positions ahead of the weekend.

Soybean oil markets also moved lower alongside losses in canola and crude oil prices.

October soybean oil futures closed the Friday session at $0.4021 per lb, down by $0.0148 per lb, or 3.6%, from a close of $0.4169 per lb the day prior. The December soyoil futures contract settled below $0.40 per lb at $0.3963 per...

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