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A European trading bank has raised its palm oil outlook for the rest of 2017, citing higher soybean prices that have supported the market for now. The medium-term view still expects rising crops and weaker demand to push prices lower, while coconut oil has weakened on good Philippine weather.
Stronger soyoil and near-term support suggest palm oil could firm in the short term, though the medium-term supply outlook remains bearish.
tmduche.comOct 2, 2017Not 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.
