
Bullish Palm Oil Data Drives Another Rally in Veg Oils
Bullish Palm Oil Data Drives Another Rally in Veg Oils
Vegetable oil prices continued to surge...
Low soybean stocks and heightened demand from the biofuels sector, along with limited refining capacity has created a volatile soybean and soybean oil market. The stocks to use ratio for soybeans has fallen to 2.6 percent. This is the lowest stocks to use ratio since 2013 and to put it in perspective, last year the ratio was about 13 percent. Tightening supplies lead to an increased probability for higher prices while at the same time increasing...
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