Soybeans scored new all-time highs, Indonesia blocks exports for Palm oil

Explosive fireworks today with soybeans pressing new contract highs as Malaysian Palm oil trace the new all-time high prices, with Indonesia looking to lower food costs and fuel cost domestically by blocking exports. This throws support the veg oils.

Heartland Market Talk
Heartland Market Talk
Soybeans scored new all-time highs, Indonesia blocks exports for Palm oil
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In today's heartland scratch that in today's Heartland Market Talk, we review the conditions that Are Taking Pl. in Indonesia, which is adding to the fire with soybean prices moving higher and China now starting to secure our supplies as South American production is in trouble. Wheat prices were initially lower on the lack of any war outbreak in Ukraine/Russia, but are getting support because of the rising protein values of row crops.

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