Fund Spreading Reverses Overnight Gains In Soybean Oil Market

Category: Vegetable Oil

Fund Spreading Reverses Overnight Gains In Soybean Oil Market

Nearby soybean futures were marginally higher on Monday, with most contracts gaining less than 1/4 percent (January contract +1 cent per bushel). Technically-driven buying following a sharp sell-off on Friday drove the gains. Funds were reported buyers of 3,000 soybean contracts, 2,000 soybean meal contracts, and were reported sellers of 3,000 soybean oil contracts. Long

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Canola futures lost about 1/4 percent

Canola futures lost about 1/4 percent (November contract -C$1.70 per tonne) as the weakness in soybean futures more than...

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