Vegoils commentary

Vegoils commentary: CPO, soyoil futures fall amid easing US tariff concerns

4 Feb 2025

In Asia, crude palm oil (CPO) futures reversed direction on Tuesday February 4 and broke five straight sessions of gains on profit-taking as losses in soyoil futures and crude oil during Asia trading hours — amid easing US tariff concerns — weighed on palm futures. Soyoil futures fell on the Chicago Mercantile Exchange, while soymeal spiked amid bargain buying and higher grain prices.

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