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Industry body SOPA says cottonseed and rice bran oil are replacing palm oil in some uses. Crushers are rapidly processing the local soybean crop because soymeal prices are attractive, which is keeping soyoil prices capped.
Fast crush to capture strong meal prices raises soymeal supply and keeps soyoil cheap, a bearish outlook for soybean oil and palm oil.
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.