Soy product futures inched higher, rebounding from dull, mixed day session trade on spillover support from a late bounce in soybean futures. Strong export demand added strength to soymeal, while soyoil was aided by a bounce in crude oil futures. December soyoil settled 0.08 cents or 0.2% higher at 40.20 cents per pound. December soymeal ended $2.50 or 0.9% higher at $296.10 per short ton.(Source: CME)
Palm ends up, worry over demand and FX weigh
JAKARTA, Sept 2 (Reuters) - Malaysian crude palm oil futures ended marginally higher on steady crude oil prices, but concerns over slower overseas demand and bumper soy crops in America continued to weigh. "News about bumper soy crops in United States and South America eased supply concerns in China," said an oil analyst in China's top soy area, Heilongjiang province.
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