# Palm trades at two-week high on higher demand, stronger soyoil

> Malaysian palm oil futures rose to a two-week high on Thursday, tracking gains in Chicago soyoil and firmer export shipments for May 1-15. Palm was up 4.5% for the week, and traders cited continued gains in competing vegetable oils after easing US-China tariff concerns.

- Date: 2019-05-16 · published 2019-05-16T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/12580-palm-trades-at-two-week-high-on-higher-demand-stronger-soyoil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger export flows and soyoil gains support palm and soybean oil prices, since the two oils compete for global vegetable oil demand. Feed buyers may see higher vegetable oil and meal-linked costs in the near term.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- sg.finance.yahoo.com: https://sg.finance.yahoo.com/news/palm-trades-two-week-high-higher-demand-stronger-050218916--finance.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.