Because if soybean price is up it will be more expensive for soy oil
And India cannot afford to buy expensive soybean oil will then buy the cheaper palm oil
And if demand for palm oil goes up so will be its selling prices
That is why China after 5 typhoon got to buy up all corn and soybean from world markets in panic
This will last for at least 6 months till next soybean harvests from Argentina and Brazil in the southern hemisphere while the North is going into winter months
And then palm oil will reign as king as there is no competing vege oil around
Palm oil stocks will go into a 6 months Bull run from now
It might turn into a Superbull if Both Argentina and Brazil soyoil crops fail due to drought
So just buy and hold all palm oil stocks for at least 3 to 6 months
This is a sure fire winner for holding precious palm oil shares now.
KUALA LUMPUR (Sept 20): Exports of Malaysian palm oil products for Sept 1-20 rose 9.4% to 1,035,041 tonnes from 946,338 tonnes shipped Aug 1-20, cargo surveyor Intertek Testing Services said on Sunday.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
zeroth
54 posts
Posted by zeroth > 2020-09-18 19:14 | Report Abuse
time to drink palm oil to celebrate haha