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Chicago soybean futures reached a two-month high as a rally in Asian vegetable oil markets added to support from strong US export demand. Malaysian palm oil rose 3.6% and CBOT soyoil gained 2.6%, while wheat and corn were little changed.
Higher vegetable oil prices raise the value of soybean crushing, supporting soybean prices and reflecting tight Asian edible oil supplies.
agweek.comGus Trompiz, Naveen Thukral, ReutersOct 24, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
