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India, the largest importer of edible oils, is increasing purchases of US soybean oil as global vegetable oil supplies tighten. China has also reportedly bought heavily from the US as other origins become scarce.
Shifting Indian demand toward US soyoil supports US soybean oil export prices and tightens the global vegetable oil balance. Palm oil may also firm as importers compete for limited supplies.
gro-intelligence.comFeb 25, 2022After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
