International Edible Oil Market Report as on 20th March 2017

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Soybean futures closed mostly 1 1/2 cents lower on Friday, as May 17 lost 6 1/2 cents on the week. Bean oil was 4 points higher today, but down 38 cents since last Friday and meal futures were down 40 cents. Brazil’s exports are possibly slowing due to lack of farmer selling, though US exports sales haven’t felt the effect in recent weeks. As of right now, 500,000 MT are scheduled to be shipped in April, vs. 3.2 MMT at the same time last year.

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