Vegoils commentary: Soyoil falls on data suggesting lower US biodiesel production; CPO down

Vegoil futures traded lower on Monday February 24. Soyoil dropped sharply on the CME with market participants mulling over data that suggested a decline in US biodiesel production, while in Asia crude palm oil (CPO) futures started the week in negative territory following losses in related vegoils as well as a stronger ringgit.