Yesterday, global quotes for palm oil fell by 6%, while soybeans rose by 3.7%

게시됨 2022년 12월 13일

Tridge 요약

The vegetable oil markets are experiencing turbulence due to a combination of falling oil prices and global demand. Despite the USDA reducing its global vegetable oil production and stocks forecasts, markets remained unresponsive. Soybean oil futures fell 2.06%, while palm oil futures saw the biggest decline since September, dropping 4.22%. Malaysia's stock market was negatively affected by the decline in the Dalian Stock Exchange. Meanwhile, January soybean oil futures in Chicago hit their lowest since July. The market is also anticipating the US Department of Energy's announcement, as scientists at the National Ignition Facility successfully recorded a net increase in energy in a thermonuclear reactor, potentially providing an unlimited source of energy.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

A sharp drop in oil prices and global demand is adding to the turbulence in vegetable oil markets, with palm oil and soybean oil trading in opposite directions yesterday. Markets were largely unresponsive on Friday to a cut in the USDA's forecast for global vegetable oil production and stocks, as the changes only affected palm oil, but yesterday's decline in the Dalian Stock Exchange led to a slide in Malaysia's stock market. On China's Dalian exchange, soybean oil futures fell 2.06% and palm oil futures fell 4.22% yesterday, the biggest decline since late September. On Bursa Malaysia, February palm oil futures fell 6.36% yesterday to their lowest since Oct 14 at 3,741 ringgit/t (-14.5% month-on-month) or $847.53/t under downward price pressure on oil and demand in China. They were not even supported by surveyors' data on the increase in palm oil exports from Malaysia for December 1-10 by 5.6-14.3% compared to the same period in November. At the end of the week, on the basis of ...

출처: Graintrade