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Soy Oil News - CBOT Soy Oil and Soybean Shot Up on Weather Vagaries
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CBOT Soy Oil and Soybean Shot Up on Weather Vagaries

CBOT Soy oil prices jumped by 7.62% from 61.32 to 65.84 cents per pound, whereas Soybean traded up by 14.14% in past 6 days, backed by forecast of high temperatures and low precipitation in key soybean growing regions in US. As of US’s crop report, drought in key soybean growing regions is consecutively rising since past 3 week from 20% to 26%.