Dear Chartist Investors,
Watch all these Price Charts Very Carefully (Best View is from your Desk Top Computer)
1) CANOLA OIL PRICE CHART
2) SOYBEAN OIL
3) PALM OIL
AS YOU CAN CLEARLY SEE ALL 3 CHARTS OF CANOLA, SOYOIL & PALM OIL HAVE ALL GONE UP IN TANDEM
THERE IS NO WAY PALM OIL ON ITS OWN WILL CRASH BACK IS CANOLA OIL & SOYBEAN OIL STAY ELEVATED
FROM THE ABOVE WE CLEARLY SEE THAT PALM OIL, SOYOIL & CANOLA OIL HAVE GONE UP TO MULTI YEAR HIGHS
Warm regards
Calvin Tan
Please buy or sell after doing your own due diligence
NOTE 1: CROP FAILURE (MORE THAN 60% OF CANADA'S CANOLA (RAPESEED) CROPS DESTROYED BY DROUGHT
NOTE 2: USA TURNING FROM FOSSIL FUEL TO BIODISEL SPUR DEMAND FOR SOYOIL
NOTE 3: CHINA PANIC BUYING IN SUPERMARKET & INDIA FARMER PROTEST KEEP CPO PRICE HIGH
WINNIPEG -- Drought has shriveled Canada's wheat crop to its smallest in 14 years, and its canola harvest to a nine-year low, a government report showed on Monday.
Parched soils and record-hot temperatures in Canada's western crop belt sharply reduced farm yields of one of the world's biggest wheat-exporting countries and largest canola-growing nation. The drought has forced millers and bakers to pay more for spring wheat, and drove canola prices to record highs.
Conversion is expected to reduce the plant’s greenhouse gas emissions by 50%
HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announced today that it plans to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant would no longer produce fuels from crude oil, but instead would make fuels from used cooking oil, fats, greases and soybean oils.
Long serpentine queues, people jostling and fighting at the supermarkets to stock essential food items: These are the scenes of panic buying that is being witnessed across China—which is bracing for a fresh surge of COVID-19 outbreak and a long winter season.
Army biscuits and luncheon meals are becoming the most searched items online. Rice, soya sauce, chilli sauce are trending in Alibaba’s e-commerce website, even as vendors are running out of stock. According to reports, the top search on the internet in China reads household stockpile list.
Including cooking oil 50% of all Supermarket items from biscuit to bread, from tooth paste to hair cream contain Palm Oil
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 30, 2024
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Created by calvintaneng | Aug 22, 2024