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Economic Optimism, Malaysian Palm Plantation Closures Drive Vegetable Oil Markets Higher

Tore Alden | 03.24.2020 | Jacobsen

Soybean oil futures continued to rally on Tuesday as strong equity markets, gains in crude oil, and concerns about palm oil supplies combined to lift most contracts by about 1 1/2 percent (May contract +41 basis points per pound). On Tuesday, funds added to long oil share positions, which also contributed to the gains. President…

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Economic Optimism, Malaysian Palm Plantation Closures Drive Vegetable Oil Markets Higher

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