
The Spread Between Soybean Oil Price and Palm Oil Price Expected to Narrow in Short Term
With palm oil futures setting fresh life-of-contract lows almost daily, the relative decline in palm oil has driven the...
World vegetable oil prices surged higher on Wednesday on bullish fundamental palm oil data and funds spreading in the soybean oil market. A sharp rally in crude oil prices, which rose by more than $1 per barrel from the low set just before the end of agricultural trading on Tuesday. Larger-than-expected draws in U.S. crude and distillate inventories more than offset news that the Organization of Petroleum Exporting Countries (OPEC) reduced its projection of crude ...
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