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UFOP reported German vegetable oil prices firming on stronger demand and a weaker euro, with prices up about 30% from June lows. Rapeseed oil rose 15%, palm oil 14% and soybean oil 6% over the period.
Rising vegetable oil values, supported by biodiesel demand and crude strength, raise the cost of oil-based feed ingredients and tighten the oilseed complex.
biofuelsdigest.comadminNov 19, 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.
