
CME soyoil futures fell sharply in the week ending June 5 on lower crude oil, legal challenges to US biofuel blending mandates and profit-taking. Malaysian CPO futures also closed lower, with the August contract down 1.02% to 4,554 ringgit per tonne as weaker related oils weighed.
Lower crude and legal uncertainty over mandates weigh on biofuel-linked vegetable oil prices, while palm oil follows soyoil lower.
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.