Bullish U.S. Acreage Data Drives Soybean Oil Higher
Vegetable oil prices were mixed on Tuesday as weakness in crude oil prices weighed on palm oil,...
Weather Concerns for Corn-Belt Drive Soybean Oil Rally
Vegetable oil prices rose on Monday as concerns about U.S. soybean production drove buying in the soybean complex. Palm oil futures rallied on the strength of soybean oil and traders' expectations that the Malaysian Palm Oil Board would report a reduction in palm oil inventories when it releases its monthly supply and demand data at the end of the week. Crude oil prices were also higher overnight but sold off during U.S. trading...Read More
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