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Malaysian palm oil futures have risen about 24% since early October 2019 and hit two-year highs on Nov 20. Palm output normally dips in October and November, and global stocks-to-use is near typical levels, so the rally is not driven by a severe shortage.
Analysts say strong edible oil prices could support soybean oil and soybean prices.
Higher palm oil prices lift vegetable oil costs and can pull soybean oil demand higher, supporting soybean crush economics and meal supply dynamics.
dtnpf.comElaine KubNov 20, 2019
mckeany-flavell.comBarbara BrodnitzNov 15, 2019Not 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.
