CBOT soybean oil futures plunge as EPA biofuel proposal weighs on the market

Chicago Board of Trade soybean oil futures extended losses Oct. 14, following a sharp reversal in the previous session as uncertainty surrounding US biofuel policy and seasonal soybean harvest pressure weighed on the market. CBOT December soybean oil futures climbed to an intraday high of 70.08 cents/lb Oct. 13 before reversing course and settling at ...