Vegoil futures extend gaining streak amid low inventory, corn softens
Edible vegetable oil futures in China extended their rally on Wednesday as cash prices in the country remained high due to low inventory level.
Palm oil futures on Dalian Commodity Exchange (DCE) closed slightly higher on the day with the main contract (for September 2022 delivery) hit 8,628 yuan/ton ($1,274/ton). DCE soybean oil futures were slightly firmer across the board with the curve up more than 1% on Wednesday as...