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Palm, soybean and sunflower oil prices rose sharply after an increase in crude oil prices. Malaysian palm oil exports for February 1-20 were reported up 10% to 28% from the prior period, and Brazil's soybean harvest was only 15% complete as of February 18, the slowest in ten years.
Higher crude prices lift biofuel-linked vegetable oil demand, while firmer palm exports and a slow Brazilian soybean harvest tighten supplies and support vegetable oil and soybean prices.
graintrade.com.uaFeb 24, 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.
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.
