International Edible Oil Market Report as on 16th March 2017

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Soybean futures settled 1 to 1 1/2 cents lower. Bean oil was down 8 points and meal futures were 40 cents higher. The NOPA report showed February soybean crush at 142.783 million bushels, down 11.1% from January (fewer days in the month) and down 2.4% from February 2016. Soy oil stocks were at 1.77 billion pounds, 8.6% above January’s number, and 1.23% below last February.

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