Overnight Weakness in Palm Oil and Meal/Oil Spreading Drive Soybean Oil Futures Lower
Better-than-expected export data and positive trade news drove nearby soybean futures about one percent higher (January contract +9 cents...
The United States Department of Agriculture’s (USDA’s) latest World Agricultural Supply and Demand Estimates (WASDE) report did not contain any substantial revisions to its U.S. soybean oil balance sheet. The only change from the November report was the adoption of the soybean oil usage in biomass-based diesel data from the Energy Information Administration (EIA), which
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