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August soybean oil futures in Chicago fell 4.3% to $1,020 per tonne on July 9 after rallying about 11% since early July. Palm oil fell 2% on Bursa Malaysia ahead of the MPOB report, and Brent crude dropped 3.3%.
Lower soyoil and crude prices reduce vegetable oil substitution support, and expected higher Malaysian palm stocks add pressure on palm and sunflower oil prices.
ukragroconsult.comJul 10, 2024Not 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.
