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Palm and soybean oil futures rose, with October palm oil reaching its highest since May and December soyoil gaining about 7% for the month. Palm gains were attributed to lower Malaysian output in July, while soyoil tracked crude oil and US crop concerns.
Lower palm production and concerns over US soybean crops tighten vegetable oil supply, supporting higher edible and biofuel oil prices.
graintrade.com.uaJul 27, 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.
