Loading…
After three months of declines, December soybean oil and Malaysian palm oil are showing technical signs of support. Soybean oil fell to 50.82 cents on Oct.
24 before closing the week at 52.27 cents, and palm oil has also corrected from its July peak.
Possible bottoming in the two largest vegetable oil sources could support prices for feed buyers using soy and palm based fats, though the overall trend remains down until prices clear key averages.
dtnpf.comTodd HultmanOct 30, 2023Not 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.
