Malaysian Palm Oil Exports Suffer, Stocks May Climb

Soybean oil prices were lower on Monday, moving back below the 10-day moving average and consolidating near the recent highs.  Prices have been buoyed by a decline in palm oil supply which has spilled over into demand for bean oil. Exports have surged, to make up for this reduction in supply. Hedge fund traders added to long positions in futures and options as prices broke out. With more than three quarters of…