
US Retail Shoe Sales Increase
Federal Reserve Economic Data (FRED) reported October 2020 US retail shoe sales data at an increase of $86 million...
Vegetable oil prices continued to rally on Wednesday, but once again, palm oil outperformed, driving the spread between the March soybean oil and palm oil contracts back down to parity. The Jacobsen believes the spread could fall to a two-cent premium for palm oil ahead of first notice day for the soybean oil contract. Argentine port workers' recent strike supported soybean oil prices and limited the two markets' diverging fundamentals. The strike's resolution has lef...
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