Veg oil prices retreat

Veg oil prices helped the spectacular rally for the past 5 days, they took a good chunk away today.

Heartland Market Talk
Heartland Market Talk
Veg oil prices retreat
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In today's Heartland Market Talk, we review the action of the grain markets and how they were helped out by world wheat and veg oil markets pulling us higher. World veg oil stalled out overnight trade and created our setbacks. Especially when the NOAA issued a very warm weather forecast for the US November-January causing crude oil prices to drop over $2 a barrel. Lower oil prices weighing on ethanol and biofuels.

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