US soy prices fluctuate, global oil demand stays strong

2021-10-13

India has limited allowable stockpiles of edible oils in an effort to ease high prices, and the stock price of palm oil producers jumped as the market for edible oils remains tight due to low supply and increasing biofuel demand. US soybean prices have also begun to rise again after dipping due to better-than-expected crop yields and decreased demand from China.

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