date:Oct 26, 2012
favourable cooking oil, accounting for some two-thirds of the market.
This trend will likely only increase in the near future.
Just like the growing domestic demand in the US, this will support a further rally in soybean prices.
'Global stocks will be rebuilt'
ABN also forecast a rise in corn prices ahead, to $7.80 a bushel on a three-month timescale, saying it was yet unclear that the US livestock herd liquidation forced by elevated prices will be as significant as currently forecasted.
Ho