SunSirs: Soybean Oil and Palm Oil Prices Mixed on December 27
December 28 2021 08:22:38     SunSirs (Linda)On December 27, the average market price of palm oil was 9,420 yuan/ton, and the price dropped by 0.63%. The average market price of soybean oil was 9,620 yuan/ton, and the price rose 0.9%. In the long-short game, the soybean oil palm oil futures market fell first and then rose, mainly because crude oil and Malaysian palm oil were bearish, while US soybean oil was bullish, and the futures market closed sharply. Soy oil spot followed the rise, while palm oil spot fell. New Year's Day and the Spring Festival approaching, soy oil palm oil still has room to rise in the future, so you should not be too bearish.
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