Thin demand keeps Latam soybean oil at more than two-year lows

Cash prices for South American FOB soybean oil cargoes have been hovering at more than two-year lows, with overseas demand still not picking up as competing edible oils have been posting an attractive discount, market sources told S&P Global Commodity Insights. On May 24, Platts assessed the Argentinian FOB Up River and the Brazilian FOB Paranaguá prices for July dates…