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A CME expert argues that vegetable oil markets, particularly palm oil and soyoil, may be influencing crude oil values more than crude oil influences them. The commentary contains no new supply or demand event.
The view suggests vegetable oil price moves can signal energy-linked demand, but it does not change current supply or demand fundamentals for feed.
zmp.deMay 23, 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.
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.
