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Rabobank notes that edible oil consumption has grown nearly 60 percent in ten years, with soybean and palm oil supplying most of it. It also says the soybean price outlook was revised lower on record US soybean acres of 89.5 million and strong Brazilian production.
Large US and Brazilian soybean supplies weigh on soybean meal and oil prices, while growing edible oil demand and biodiesel use support vegetable oil prices over time.
theland.com.auCheryl Kalisch Gordon, RabobankJul 4, 2017Not 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.
