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CBOT Soybean Oil Falls 0.3% on Tuesday as Crude Oil Declines Following U.S.-Iran Peace Signals

GateNews
Commodities

According to Jin10 Futures, CBOT soybean oil futures fell 0.3% on Tuesday (May 20), tracking weakness in international crude oil markets. The benchmark contract traded in a range of 75.18 to 75.90 cents per bushel, with crude oil declining after U.S. Vice President Vance indicated progress in U.S.-Iran negotiations, signaling neither side wishes to resume military action.

Tuesday's benchmark contract saw estimated volume of 43,699 contracts, compared to 71,687 in the previous session. Open interest stood at 293,267 contracts.

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