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CS Tan
4.9 / 5.0
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....
Posted by Kim Yap Lau > 2012-10-07 20:51 | Report Abuse
It said CPO prices would recover when current high stock level starts to clear towards the end of 2012 or early 2013, as the market entered the low output season in one or two months' time. “This coincides with the extreme tightness in soybean up to February 2013.” However, once the US soybean stock levels get significantly drawn down, CPO prices will likely recover before end first quarter 2013 to narrow the CPO to soy-oil price discount gap before CPO price gets weaker from second quarter 2013 onwards. “I think we need to wait and see right now, as once we clear this two months, CPO prices are expected to rebound. The CPO discount to soy-oil is now at very significant levels of about US$350, compared with the average of US$150,” he said. Full article : http://adf.ly/DUbE5