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Malaysian palm oil futures closed more than 2% higher on December 6 as a Reuters survey pointed to a four-month low in November stockpiles. Soyoil and crude oil also gained, and palm was supported as a biodiesel feedstock.
A tightening stock forecast and firmer related oils support palm oil prices, which feed into vegetable oil costs for feed formulators.
brecorder.comReutersDec 6, 2021Not 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.
