Palm oil futures dropped another 1 percent overnight to a new eight-month low, which pulled soyoil futures down as well. Dalian corn and soy complex futures were also weaker. Soy and corn futures then came under some pressure during the day session when a few private forecasters put out their weather predictions. General Comments Overnight trading of grains and the soy complex offered mixed prices along with barely average volume. Corn and wheat prices showed small gains, while the soy complex slipped back into the red under pressure from weakening soyoil. Palm oil futures dropped another 1 percent to a new eight-month low, which pulled soyoil futures down as well. Dalian corn and soy complex futures were also weaker. Yesterday’s weekly r...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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