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The FAO vegetable oil price index rose 4.5% in September 2017 to a seven-month high, led by firmer palm and soybean oil prices. Southeast Asian palm output fell short of expectations and importing countries' stocks were small.
Tighter palm supply and low importer stocks support vegetable oil prices, which feeds into soymeal and oilseed meal values through crush margins.
biofuelsdigest.comadminOct 28, 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.
