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Palm oil prices increased in Asian trading, mirroring gains in soybean oil. Bargain hunting after recent weakness is also supporting the commodity, although high domestic inventories may limit further upside.
Palm oil is rising in Asian trading, following gains in soybean oil on the Chicago Board of Trade. Higher crude oil prices are providing further support amid ongoing Middle East uncertainty, boosting palm oil's attractiveness as a biodiesel feedstock, according to AmInvestment Bank.
Palm oil rises in Asian trading, supported by overnight gains in soybean oil on the Chicago Board of Trade. The technical outlook for CPO futures appears bearish, with overall sentiment cautious to bearish, although oversold conditions could trigger short-covering rebounds, AmInvestment Bank says i…
Palm oil is rising amid stronger soybean oil prices, per market talk.