Tight Stocks and Flooding Drive Palm Oil Prices Higher

Author: Tore Alden

Tight Stocks and Flooding Drive Palm Oil Prices Higher

Vegetable oil prices continued to rally on Wednesday, but once again, palm oil outperformed, driving the spread between the March soybean oil and palm oil contracts back down to parity. The Jacobsen believes the spread could fall to a two-cent premium for palm oil ahead of first notice day for the soybean oil contract. Argentine port workers' recent strike supported soybean oil prices and limited the two markets' diverging fundamentals. The strike's resolution has lef...

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Fund Spreading Drives Soybean Oil Sharply Higher

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Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

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Soybean oil prices rallied...

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The spread between January soybean oil and palm oil contracts fell back below parity on Thursday but remained just...

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