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Palm oil prices rose slightly after April crop data showed output below expectations and stocks falling at the end of April. Soybean oil gains in the US and South America may limit palm upside, though June and July are reported nearly sold out.
Tighter palm stocks and Ramadan-related production slowdowns support prices, while strong soy complex supply caps gains.
tmduche.comMay 12, 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.
