by Alex Fox | Mar 5, 2021 | Uncategorized
Vegetable oil markets continue to be led higher by tight soybean stocks and record consumption of fats and oils for renewable diesel in the United States. Despite weakness in palm sentiments due to improving fundamentals, palm oil prices remain supported. March 5...
by Alex Fox | Nov 30, 2020 | Uncategorized
Good afternoon, Markets, in general, have remained weak with soybean oil off almost 2.5% and the DJI off more than 300 points, however, Brent crude remains supported at $47.50 per barrel. See the updated chart of soybean oil, focused on the last 90 days. With the...
by Alex Fox | Nov 23, 2020 | Uncategorized
Good morning, Market Highlights BMD February crude palm oil up 42 ringgit, 1.28%, to 3330. February RBD Palm Oil is down $2.50 to $847.50. However, the AMJ and JAS positions are up $10 to 12 per MT. The Malaysian Ringgit continues its strength versus the USD at...
by Alex Fox | Nov 10, 2020 | Uncategorized
Tropical Storm Ulysses is set to hit the Philippines as a typhoon between Wednesday and Thursday evening. We continue to track the strength and direction of this storm but all indications lead to this storm being weaker than the previous. We see this storm tracking...
by Alex Fox | Nov 10, 2020 | Uncategorized
Today, the USDA issued its monthly WASDE and for the most part it was quite bullish as evidenced by the corn market up 17 cents and soybeans up 40 cents per bushel. The USDA decreased crop production and increased exports across the board. Yields were reduced for...
