Late Session Rally Lifts Soybean Oil Futures

Author: Tore Alden

Late Session Rally Lifts Soybean Oil Futures

Vegetable oil markets were mixed on Wednesday as profit-taking weighed on palm oil futures and fund spreading drove a late-session rally that drove soybean oil futures into positive territory. The weakness in both markets occurred despite a sharp rally in crude oil prices during the overnight session. Oil futures fell during U.S. trading hours but still settled about one percen...

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