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World vegetable oil prices rose again this week. Chicago soybean oil gained 3.5% on the week, supported by the European Commission's decision to allow U.S. soy-based biodiesel into the EU.
Ukrainian sunflower oil also climbed, while Malaysian palm oil eased back from a jump to 566 $/ton.
The EU biodiesel opening adds demand for soybean oil, which supports vegetable oil prices and competes with feed-grade oil and meal supplies. Palm oil's softer tone and rising sunflower oil prices suggest mixed signals across the oils complex.
graintrade.com.uaJan 31, 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.
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.
