Vegetable Oils Bulletin

Vegetable Oils Bulletin

 

Palm Oil Pushes Higher as Positive Momentum Accelerates

Crude palm oil prices are moving higher buoyed by robust demand for oil seed from China, which has buoyed worldwide oil seed prices.  Palm oil has received some help from the soybean complex which has been buoyed by a recent short squeeze, as the weather is generating volatility. The strong Canadian dollar is a head wind for canola, but that does not seem to be spilling over into palm oil prices. 

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