The Chicago Board of Trade (CBOT) soybean oil futures price on February 2 rose 13.1% month-on-month (mom) and 22% year-on-year (yoy).nd November 2022. The increase in Mom price was due to the uncertainties of La Niña which could cause global soybean production for marketing year 2022/23 (MY) to decline from forecast levels after US production estimates were lowered. In addition, the rising crude oil prices contributed to the upward price movement. Likewise the Mintec benchmark…
