Edible Oil Prices Surge on Bullish Weather Outlooks

Author: Alexandra Watts

Edible Oil Prices Surge on Bullish Weather Outlooks

** Please note, The Jacobsen will not publish a Vegetable Oils bulletin on Monday, June 19th**

Global vegetable oil futures surged on Friday, with short covering and fresh buying boosting palm oil and soybean oil markets sharply higher. Robust energy prices, as well as short- and long-term forecasts for dry and hot weather for major growing areas of the U.S Midwest and Southeast Asia underpinned the advance. The U.S. markets will be closed on June 19.

On the CME,...

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