WHY PALM OIL PRICES CAN REMAIN HIGH BY UNDERSTANDING 3 MAJOR VEGE OIL: 1) PALM OIL. 2) SOYOIL, 3) RAPESEED OR CANOLA OIL, Calvin Tan

Palm oil, Soyoil & Canola or Rapeseed oil have been traded a Multi Year Highs this year. Especially Palm Oil & Canola oil have surged to new world records

1) There is a very huge shortfall of Canola oil on world markets for the foreseeable future till end 2022

Severe heat, drought slash canola crop harvest to smallest in 9 years

Canada's canola crop was supposed to be big this year with record-high prices spurring farmers to boost acreage to a three-year high

CANOLA FROM FLOWERING SHRUB: COOL TEMPERATE CLIMATE (ONCE TEMPERATURE REACHES 36 DEGREE CELSIUS ALL CANOLA CROP CANNOT SURVIVE THE CLIMATE CHANGE

Warm regards

Calvin Tan

Please buy or sell after doing your own due diligence or consult your remisier/fund manager

Oceania - Crop Production Maps

As of now the only hope of canola crop is from Australia - grown near the more temperate part of Western Australia & South-eastern part. But flooding has damaged most part

SO PRICES OF CANOLA OIL REMAIN ELEVATED

See

Canola increased 389.60 CAD/MT or 61.89% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

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1025.2

Canola (CAD/T) 1025.20 -6.7 (-0.65%)

	Price		Day	Month	Year	Date
Soybeans	1273.5000	0.75	-0.06%	3.01%	6.92%	14:20
Wheat	844.2500	1.5	-0.18%	11.22%	38.20%	14:18
Lumber	772.60	-29.30	-3.65%	17.06%	24.94%	Nov/22
Cheese	1.75	0.0020	0.11%	-1.36%	-28.17%	Nov/22
Palm Oil	4,966.00	7.00	0.14%	-0.06%	52.85%	Nov/23
Milk	17.95	-0.02	-0.11%	0.50%	-22.43%	Nov/22
Cocoa	2,498.00	5.00	0.20%	-4.51%	-17.34%	Nov/22
Cotton	117.65	-0.06	-0.05%	8.39%	64.48%	Nov/23
Rubber	225.10	7.40	3.40%	5.33%	-9.96%	Nov/22
Orange Juice	130.35	3.05	2.40%	4.66%	2.12%	Nov/22
Coffee	231.35	-1.95	-0.84%	14.22%	102.14%	Nov/22
Oat	742.50	-8.5000	-1.13%	7.26%	158.26%	Nov/23
Wool	1,324.00	0	0%	-3.29%	14.24%	Nov/22
Rice	14.55	-0.0200	-0.14%	8.54%	16.92%	Nov/22
Canola	1025.30	3.5	0.34%	7.41%	76.68%	14:18
Sugar	19.76	-0.23	-1.15%	1.91%	30.43%	Nov/22
Tea	3.14	0	0%	1.62%	15.87%	Nov/22
Corn	575.00	-1.7500	-0.30%	6.88%	35.06%	Nov/23

AS LONG AS CANOLA OIL DOES NOT FALL DOWN FROM USD1,000 TO USD600 --- CPO PRICES CANNOT FALL TOO MUCH

VEGETABLE OILS GO UP IN TANDEM. THEY WILL ALSO GO DOWN IN TANDEM AS THEY ARE CO-RELATED