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Malaysian palm oil futures closed higher on Friday, posting a second straight weekly gain. Support came from stronger rival vegetable oils and hot, dry US weather that may trim soybean output.
Firmer soyoil and expected US soybean shortfalls tend to lift palm oil as a substitute vegetable oil.
brecorder.comReutersAug 28, 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.
