Posted by calvintaneng > 2021-06-10 13:40 | Report Abuse

BETTER THROW AWAY THE CHARTS

NEWTON'S LAW OF MOTION IN PLAY

NOW GOT PIVOTING TO BIODISEL

SO PALM OIL CPO PRICES UP AND SUSTAINED BY BIODISEL DEMAND

PHILLIPS 66 CONVERTING REFINERY FROM FOSSIL FUEL TO BIODISEL WILL SPUR SOYBEAN OIL TO MULTI YEAR HIGH

NOW PALM OIL WILL FOLLOW SOYOIL IN VERY STRONG NEW TREND

See

https://investor.phillips66.com/financial-information/news-releases/news-release-details/2020/Phillips-66-Plans-to-Transform-San-Francisco-Refinery-into-Worlds-Largest-Renewable-Fuels-Plant/default.aspx

Posted by Citadel9999 > 2021-06-10 13:58 |

Post removed.Why?

Posted by Sichang > 2021-06-10 14:03 | Report Abuse

Pls state with more facts, palm oil now below 4k and many palm oil companies not making money.

Posted by MuttsInvestor > 2021-06-10 14:07 | Report Abuse

Below 4k ...CPO manufacturers NOT making Money ? Check your FACTS bro.........

Posted by MuttsInvestor > 2021-06-10 14:15 | Report Abuse

The DROP was expected due to seasonal and market conditions. Not an EXPERT, BUT PAID ANALYSIS( From Big Corp) have STATED that for 2021 .. RM 2900 to 3200/t for CPO. Facts based on Ave CPO prices till May 2021 is Rm 4100 !!!!! Assuming that CPO drops to RM 3000/t for the REST of the YEAR ( Very Unlikely Considering Soya and Corn prices being Elevated now. And Weather PLUS (Latest) .... INSECT PEST in US ( building up now)... Soya and Corn ( Under Pressure ) ) .... rm 4100 + Rm 3000 / 2 = Rm 3550 Ave for 2021. Have always CAST Doubt on so called ANALYSIS predictions. Anyway ...... Those SEASON investors ...... CHARTS are a GUILD ONLY .

Posted by MuttsInvestor > 2021-06-10 14:20 | Report Abuse

RM 3,400 is Pretty Good for June till Sept 2021. Then EXPECT it to go back up to Rm4,000. Based on Good Weather, Covid under control, Indonesia does NOT change its Taxes for CPO, World Consumption WILL remain the same even if COVID gets UNDER control, Pest( Billions of it ) festering in USA DOES remain UNDER control ( Unlikely ) , Rain coming to Drought areas in US . And Europe DOES not GET "Flooded" due to LaLino effect ( Likely ) . So ...... Woluld you Bet Against RM 3400/- in Sept 2021 ? That is "SHORT IT " ????

Posted by MuttsInvestor > 2021-06-10 14:26 | Report Abuse

Oh Yes !!! Crude Oil at US69/- Now. Once the Western Countries open up as Covid gets under CONTROL .......... In Summer .( July till Oct ) expect BINGE spending and travel. Crude Oil .... Likely to Go Up. So WILL BIODIESEL and BIOJET FUEL demand increase ?

Posted by DickyMe > 2021-06-14 11:40 | Report Abuse

PALM OIL latest price hovering around RM 3860..aiyoyo..

Posted by arv18 > 2021-06-18 13:40 | Report Abuse

Eh, where is CAP LOCKS Calvin? Very quiet for the last days since palm oil price has crashed, huh?

At 3550.00. Down from 4750 (-25%), 1 month ago.

How now?

Posted by DickyMe > 2021-06-27 15:41 | Report Abuse

PALM OIL futures going below RM 3000, maybe to RM 2700 soon!