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A South African grain market review for May 2021 reports vegetable oil prices rising to their highest level since 2011 in March, driven by palm, soy, rapeseed and sunflower oils. It also notes US weather concerns and a dry outlook supporting soybean prices.
Tight vegetable oil supplies and biofuel-linked demand keep oilseed and meal prices firm, while dryness in the US adds upside risk for soybeans.
krishijagran.comAbhijeet BanerjeeMay 3, 2021Not enough comparable past events yet for a historical read.
Not 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.
