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Malaysian palm oil futures rose more than 1% to a one-week high on August 28. The gain followed a bullish price outlook from an analyst at a Kuala Lumpur industry conference.
Overnight gains in CBOT soyoil also supported palm.
Stronger soyoil and bullish analyst views support vegoil prices in the short term. Palm's direction tracks the soyoil complex and forecasts from the industry.
thestar.com.myThe Star OnlineAug 28, 2018Not 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.
