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Fatty acid futures prices fluctuate mildly stronger but the fundamental demand remains weak
Yesterday, oilseed futures prices fluctuated, driven by rising crude oil, geopolitical conflicts, and expectations of biofuel policies. The market was short-term bullish but the fundamental demand remained weak. The strengthened energy attribute led to a rally in palm oil, soybean oil, and crude oil in tandem. Tensions in the Middle East improved the economics of biodiesel, supporting oilseed prices. However, high inventories and the post-holiday consumption lull caused downstream buyers to be cautious. Overall, oilseed prices moved within a range of fluctuations. (Feed Industry Information Network)