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Soybean oil on CBOT fell 2.5% over the week on expectations of higher US production. India may export up to 2 million tons of soybeans after a strong harvest, versus 0.2 million last year.
Palm oil traded flat near $780-785 per ton in Rotterdam, its highest since 2014, and Indonesian output is expected to recover in 2017.
Expanded Indian soybean exports would intensify competition with palm oil in Asia and add pressure on soy oil prices. Palm prices are supported by a tighter Indonesian supply outlook.
greenea.comDec 16, 2016Not 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.
