Weakness in Soybean Prices Drives Soybean Oil Lower

Category: Vegetable Oil

Weakness in Soybean Prices Drives Soybean Oil Lower

Tore Alden | 04.07.2021

Vegetable oil prices were mixed on Wednesday as follow-through buying from Tuesday's bullish export and production data and strength in Chinese vegetable oil markets supported palm oil. Soybean oil futures were also stronger overnight but dropped sharply at the U.S. opening following sharp declines in soybean futures on news of robust export shipments from Brazil during March.

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Collapse in Soy Spreads Weighs on Nearby Soybean Oil Prices

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Soybean Oil Rises to New Record on Gains in Soybean Market

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May Soybean Oil Contract Locked Limit-Up on Fund Spreading

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Palm Oil Tops 4,100 Ringgit as Veg Oil Rally Continues

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