Futures contracts of soyoil on the CBOT hit a two-week low of 31.65 cents per pound, due to likely higher-than-expected inventories of soybean in the US. Strength in the US dollar also dragged down the prices of the commodity. The most-active May contract of soyoil on the CBOT was at 31.68 cents per pound, down 0.5% from the previous close.