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Front-month soybean oil futures closed July 1 near 65.7 cents per pound, slightly below a year earlier. Prices have eased since an April peak as Fed rate hikes, a commodity sell-off and rising supply weigh on the market.
Soybean oil is trading lower year on year despite strong renewable diesel demand, which pressures crush margins and vegetable oil prices.
czapp.comWalter CroninJul 5, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
