Palm Oil Consolidates as Trade War Looms

Palm oil prices are consolidating but a trade war could spark volatility in vegetable oils, as U.S. soybeans that are imported into China would become uncompetitive with soybeans from other countries. This could send shock waves throughout the grain and oil markets. Mayasia palm oil exports continue to climb, with most of the production delivered to India the worlds largest importer.  Suprisingly inventories have climbed,…