Shutdowns Continue to Support Palm Oil, While Profit-Taking Drives Soybean Oil Lower

Shutdowns Continue to Support Palm Oil, While Profit-Taking Drives Soybean Oil Lower

Shutdowns Continue to Support Palm Oil, While Profit-Taking Drives Soybean Oil Lower

World vegetable oil markets remain mixed on Wednesday, but the pattern changed from recent days with soybean oil prices moving lower while palm oil futures rallied. Once again, both markets were uncorrelated with crude oil, although a break in crude oil prices during the middle of the U.S. session might have contributed to some of…

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