Palm Oil Futures Continue to Rally

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Palm Oil Futures Continue to Rally

World vegetable oil prices were mixed on Wednesday, with palm oil futures continuing to rally while selling during the U.S. session drove soybean oil prices lower. Spreading between palm oil in the Malaysian and Chinese markets is helping support palm oil. Palm oil also remains supported by expectations the Malaysian Palm Oil Board (MPOB) will report lower growth in production in May in its report, scheduled for release next week.

Profit-taking trigger...

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