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An analysis notes that Malaysian palm oil output appears to have peaked and Argentine soybean oil output is stagnant. USDA's November 2022 Oilseeds report projects Malaysia's share of global palm oil trade falling to a five-year low next year.
Flat supply from the two major vegetable oil exporters, against rising US renewable diesel demand, points to tighter global vegetable oil supply and firmer prices.
czapp.comWalter CroninNov 24, 2022Not 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.
