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Vegetable oil markets fell after coronavirus spread outside Asia, with Brent down sharply and palm oil and soybean oil dropping 3-4%. Malaysian palm output rose 17.4% in early February, adding pressure, and Ukrainian sunflower oil fell toward November lows.
Lower vegetable oil prices reduce the cost of competing oils and weigh on soybean meal and sunflower meal values, while demand concerns persist.
graintrade.com.uaFeb 25, 2020Not 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.
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.
