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USDA's October 2024 oilseeds report highlighted strong Chinese demand for cottonseed imports, with China expected to import about 500,000 tons in 2024/25. Revisions were also made to soybean meal and palm oil estimates for South Korea and Indonesia.
Steady Chinese cottonseed import demand supports cottonseed meal exports from the US and Australia, while palm oil output cuts in Indonesia could tighten vegetable oil supplies.
feedandgrain.comFeed, Grain StaffOct 14, 2024Not enough comparable past events yet for a historical read.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
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.
