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Soybean oil prices crash to finish the week

Soybean oil prices crash to finish the week

After reaching new highs at 57.47 cents per pound last Wednesday, trading the daily limit up, soybean oil crashed and ended the week on back-to-back limit-down days. The nearby May-21 contract closed at 52.48 cents per pound, the lowest since Mar. 4. Concerns over [...]

By Eric Thornton|March 29, 2021|Categories: Corn & Soy Complex, Energy|Tags: Acreage report, biofuel demand, COVID-19 lockdowns, energy markets, Ever Given, green energy, Soybean oil prices, Suez Canal|0 Comments

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