$Soybean Oil Futures(DEC4)(ZLmain.US)$ $Crude Palm Oil Futures(AUG4)(FCPOmain.MY)$ Nice closing by fcpo. going higher high on bullish tone. will soybean oil folllow too? 2025 b40 biodiesel by indonesia + rate cut by all major economies will boost commodity demand. fcpo will not be lower than now. 2022 is the peak demand for commodity until rate cut started the curtail of demand 2024 is the final year for weakest demand due to pause of rate hike .
A Mumbai-based dealer believes BMD's new soyoil contract may struggle to attract large participation due to competition from active contracts offered by CBOT and DCE. The contract needs more participation and liquidity to attract traders.
Soybean Oil Futures(DEC4) Forum
$Crude Palm Oil Futures(AUG4)(FCPOmain.MY)$
Nice closing by fcpo.
going higher high on bullish tone.
will soybean oil folllow too?
2025 b40 biodiesel by indonesia + rate cut by all major economies will boost commodity demand. fcpo will not be lower than now.
2022 is the peak demand for commodity until rate cut started the curtail of demand
2024 is the final year for weakest demand due to pause of rate hike .
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