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Chicago soybean oil futures fell 1.4% to 4.5% on profit-taking and faster US planting, even as crude oil rose. Egypt's GASC bought 34,000 tonnes of local soyoil and 30,000 tonnes of imported soyoil, but prices were not supported, and Argentine soyoil fell on higher supply and weaker Indian demand.
Routine price moves with profit-taking and planting progress weigh on soyoil near term, while tender purchases provide only limited support.
graintrade.com.uaApr 30, 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.
