# Palm oil could be higher till end of the year. - TM Duché & Sons Ltd

> 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.

- Date: 2017-10-02 · published 2017-10-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5641-palm-oil-could-be-higher-till-end-of-the-year-tm-duche-and-sons-ltd
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stronger soyoil and near-term support suggest palm oil could firm in the short term, though the medium-term supply outlook remains bearish.

## Read by commodity

- SOY: bullish ▲
- PALMOIL: bullish ▲

## Sources

- tmduche.com: https://www.tmduche.com/markets/palm-oil-higher-till-end-year/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.