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Soy Oil News - CBOT Soy oil January contract declined by 5.27%25 in the 3rd week of November
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CBOT Soy oil January contract declined by 5.27% in the 3rd week of November

CBOT Soy oil most active ‘January’ contract declined by 5.27% for the period of 14-19th November. Market opened at 74.73 cents per pound and closed down at 70.61 cents per pound. Market corrected mainly due to long liquidation as both the open interest and Volume were declining with downward correction in prices. Falling prices of crude oil, along with expectation of record soybean crop from Brazil also weighed on Soy oil market.