Vegetable Oil Prices Fall Following Data Release

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Vegetable Oil Prices Fall Following Data Release

World vegetable oil prices fell following the release of monthly supply and demand data from the United States Department of Agriculture (USDA) and Malaysian Palm Oil Board (MPOB). Weakness in crude oil prices also contributed to the selling in vegetable oil prices. The MPOB report was more bearish than USDA's, but overarching concerns about world economic activity following a late-session sell-off in equities may be the catalyst for the next move in prices.

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