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Brent crude fell to about $58.54 before recovering to $60.3 per barrel, pressuring vegetable oil markets. Malaysian palm oil dropped 3.6% to its lowest in the period, while Chicago soybeans and soybean oil fell about 2.4% amid doubts over a US-China trade deal at the G20 summit.
Trump reiterated threatened tariff increases on Chinese goods.
Lower crude weakens biofuel demand for vegetable oils, and renewed tariff threats cut the outlook for US soybean exports to China, pressuring soy complex and feed meal prices.
graintrade.com.uaNov 27, 2018Not 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.
