KUALA LUMPUR, April 20- Malaysian palm oil futures rose for a third consecutive day on Wednesday, tracking a rally in alternative vegetable oils to reach a near two-week high. It earlier hit an intraday peak of 2,733 ringgit, the highest since April 7. Among alternative oils, the September soybean oil contract on the Dalian Commodity Exchange gained 1.6 percent,... » Read More
Massive imports have driven down Indian soybean prices by 20 percent in four months and spurred crushers to close factories.
Ben Lichtenstein, President and Founder of Tradersaudio.com, attributes oil's plunge to oversupply and rising efficiency in refineries, instead of slowing economic growth.
Chinese importers' defaults on soybean cargos may spur debt concerns, but such defaults aren't unusual and China's soybean business has been struggling.
Stan Ryan, Vice President at Cargill Corporate says that with markets more open now, there is less chances for a repeat of the 2008 food crisis. He explains more.
As the world’s largest importer of American agricultural products, China stands to get walloped by the drought that is ravaging US croplands. Globalpost reports.
Tom Essaye, Editor, Money and Markets says things are improving in corn & soybean markets due to hot weather concerns.
Oil prices have fallen sharply in the wake of the disaster in Japan as investors have shunned risk. Nymex has declined around 5 percent since last Friday's earthquake and tsunami. However, Jim Rogers, Chairman of Rogers Holdings, who has been a long-term bull on oil, thinks it's only a matter of time before the current trend reverses.
Legendary investor Jim Rogers says the bull market in commodities is "still in place" and has a "long way to go."