Soy oil/Palm Oil

A look at palm oil…

Continuation chart

…And Soybean oil

Continuation chart as well

What is Driving these two “oils” higher is the question.Bloomberg Saying Optimism regarding US/china trade deals as China said they could buy $20b of Ags during phase 1 deal, Renewable fuel standard Spat with EPA also playing a roll, The India/Malaysia palm oil trade spat that may Drive business to other countries then Malaysia I would think bearish for Malaysian Palm prices. One other thought an Unwind of A Short Soy Crush trade ongoing.. take a look below

December Soy Crush daily , if you are short crush means you are Long beans , short Meal and oil. A bit of Bounce in spread causing a bit of Buying in Soy oil?Spread +4.1% this week

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.