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Vegetable oil prices failed to rise with crude oil, which jumped on OPEC demand cuts and a Saudi production cut. Palm oil fell to 2,031 ringgit per tonne on higher output and weaker demand, while US soyoil rose 1% on a Chinese purchase.
Vegetable oils are decoupling from crude because palm supply is growing and demand is weak, so feed fat prices are not following energy higher.
graintrade.com.uaMay 15, 2020Not 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.
