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Palm oil falls in Asian trading, weighed by overnight declines in soybean oil on the Chicago Board of Trade. Dry weather linked to El Nino has spread across Malaysia and Indonesia since early August, raising concerns over its impact on palm oil output. Weather conditions in October and November wil…
Palm oil falls in Asian trading, weighed by declines in soybean oil on the Chicago Board of Trade as well as palm olein prices on the Dalian Commodity Exchange, says David Ng, a trader at Kuala Lumpur-based Iceberg X. However, he doesn't expect the price to keep trending lower, given the extreme we…