CONCERNS ABOUT GROWING CONDITIONS IN BRAZIL AND A CUT IN TAXES ON PALM OIL IMPORTS BY INDIA DRIVE WORLD VEGETABLE OIL PRICES SHARPLY HIGHER

Soybean futures rallied sharply on the first day of the new year with the nearby contract up more than 1 1/4 percent. However, gains in deferred contracts were smaller with the November 2019 contract up less than one percent. Prices were supported by concerns about dry and hot…