date:Jul 15, 2014
a record 3.8 billion bushels, topping analysts' expectations by 0.7 percent. Palm's fundamentals by itself are still strong. It's all external pressure - energy prices are easing, and soy prices took a hit because of the USDA report, said a trader with a foreign commodities brokerage in Kuala Lumpur.
Bigger supplies of soybeans for crushing could cause soyoil prices to further ease, narrowing palm's discount and potentially shifting food and fuel demand away from the tropical oil. The benchmar