Dorab Mistry : -
- Cash soy oil will go to a premium of almost $200/tonne to palm olein around August (Premium now at $59).
- Chicago soy oil may rise towards 70 cents/pound on expectations of higher U.S. biofuels output.
- Palm Oil may rally towards RM4,000 in 2011 after soy oil use in the U.S. biofuel gets "substantially raised"
- Malaysian palm oil futures to fall below RM3,000 support level on higher output forecast.
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