SBO Futures Succumb to Late Selling Pressure

Author: Alexandra Watts

SBO Futures Succumb to Late Selling Pressure

U.S. soybean oil futures in Chicago ended mixed across the curve on Friday. the August and September contracts relinquished early gains and ultimately bowed to pressure from reports that a renewable diesel producer was selling a large portion of its soybean oil position back into the market due to operational issues and/or poor margins.

In addition, revised forecasts calling for short-lived heat in the Midwest Corn Belt also weighed on the front-e...

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