🌾 Commodity Snapshot

Palm oil prices slipped as Malaysia’s October output surged 12%—double earlier forecasts—while a stronger ringgit dampened export demand. Meanwhile, soybeans edged higher on trade optimism with China, despite U.S. beans facing stiff price competition from Brazil and a 13% Chinese import levy. China’s October soybean imports hit a record 9.48M tons, though USDA data gaps continue to cloud the outlook

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