📈 Palm Oil Surges
Malaysian palm oil is on track for its biggest weekly gain in two months, fueled by strong August exports and renewed demand from China. Crude oil’s rise adds further support. Shipments in early August jumped 23%, with India, Africa, and the EU ramping up purchases.
🌱 Soybeans Climb
Soybeans rallied on short covering and technical buying. Despite strong domestic demand, China remains focused on Brazilian supply amid trade tensions. July’s record crush pushed soybean oil stocks to multi-year lows, signaling robust demand.
🗺️ Global trade dynamics and weather risks continue to shape commodity flows..
