AgResource World Veg Oil Market Discussion

Vegetable Oil Markets Shine in Otherwise Bearish Supply Markets: Malaysian palm oil futures ended weaker on Wednesday, but chart-based uptrends are intact. Spot palm oil prices have quickly evolved from multi-year lows to multi-year highs. The lack of global restaurant demand expansion has seemingly had no meaningful impact on vegetable oil demand. Recall that global…

AgResource World Weather Discussion

Improved Rainfall Needed in Argentina by late August: ARC has highlighted the coming pattern of soaking rainfall in Australia, which likely continues into the opening week of September. However, Argentina’s climate forecast is less conducive to trend wheat yields. The need for regular rainfall will be immediate beyond the next three weeks. Rainfall across Argentina’s…