Fats, Oils, & Fuels Webinar 4/13/21: Customer Q&A
Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from...
Inflation Fears and Technical Buying Drive Soy Oil Higher
Agricultural and energy prices surged higher on Wednesday, driving soybean oil prices sharply higher. Most palm oil futures were modestly higher, but the nearby contract fell by one percent in cash-driven trading. A combination of inflation hedging flows, and follow-through technically-driven buying drove the gains during U.S. trading hours. However, strength in oilseed complex futures on the Dalian exchange may have also contributed to the bullish tone.