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Global vegetable oil prices are under pressure as rising production and stocks weigh on the market. Soybean oil fell after the Trump administration's biofuel actions, dragging palm and sunflower oil prices lower, and NOPA reported record April crush with rising US soybean oil stocks.
Higher soybean oil stocks and weaker export demand from the US point to lower vegetable oil prices, which also pressures palm oil as a substitute.
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.