(Bloomberg) -- Soybean futures in Chicago climbed,
extending a rally to a 35-month high, as demand for vegetable
oil to make fuel reduced global inventories for food use.
Soybean oil rose to a 23-year high.
Demand for U.S. soybeans, which are crushed to produce
animal feed and vegetable oil for food and fuel, has increased
as palm-oil futures in Malaysia jumped to a record. Palm oil has
surged 87 percent in the past year on concern that supplies from
Southeast Asia will trail global demand. Soybean oil in Chicago
has jumped 44 percent in the past year.
Read more at Bloomberg Commodities News
extending a rally to a 35-month high, as demand for vegetable
oil to make fuel reduced global inventories for food use.
Soybean oil rose to a 23-year high.
Demand for U.S. soybeans, which are crushed to produce
animal feed and vegetable oil for food and fuel, has increased
as palm-oil futures in Malaysia jumped to a record. Palm oil has
surged 87 percent in the past year on concern that supplies from
Southeast Asia will trail global demand. Soybean oil in Chicago
has jumped 44 percent in the past year.
Read more at Bloomberg Commodities News
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