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UFOP reported that German vegetable oil prices fell from high levels as ample supply, weaker demand and a firm euro pushed asking prices lower. Palm oil had risen about 18% since October 2016 on scarce supply, while soybean oil lost ground as Argentine output concerns eased and Brazil's crop looked set to be large.
Lower vegetable oil prices reduce the cost of oil-based feed ingredients and weigh on soybean oil and palm oil values. Biodiesel demand uncertainty under US policy adds further downside risk.
biofuelsdigest.comJim LaneFeb 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.
