Dear Investors,
Palm oil, Soyoil & Canola or Rapeseed oil have been traded a Multi Year Highs this year. Especially Palm Oil & Canola oil have surged to new world records
Now "Experts" have come out to predict that Palm oil prices will fall back.
Is that so?
Maybe not
Why not?
Answer:
1) There is a very huge shortfall of Canola oil on world markets for the foreseeable future till end 2022
Canada Canola Crop has failed
Severe heat, drought slash canola crop harvest to smallest in 9 years
Canada's canola crop was supposed to be big this year with record-high prices spurring farmers to boost acreage to a three-year high
PALM OIL FROM FRUIT: EQUATORIAL CLIMATE
SOYBEAN FROM LEAFY LEGUME: SUB TROPICAL CLIMATE
CANOLA FROM FLOWERING SHRUB: COOL TEMPERATE CLIMATE (ONCE TEMPERATURE REACHES 36 DEGREE CELSIUS ALL CANOLA CROP CANNOT SURVIVE THE CLIMATE CHANGE
Warm regards
Calvin Tan
Please buy or sell after doing your own due diligence or consult your remisier/fund manager
As of now the only hope of canola crop is from Australia - grown near the more temperate part of Western Australia & South-eastern part. But flooding has damaged most part
SO PRICES OF CANOLA OIL REMAIN ELEVATED
See
AS LONG AS CANOLA OIL DOES NOT FALL DOWN FROM USD1,000 TO USD600 --- CPO PRICES CANNOT FALL TOO MUCH
VEGETABLE OILS GO UP IN TANDEM. THEY WILL ALSO GO DOWN IN TANDEM AS THEY ARE CO-RELATED
Canola increased 389.60 CAD/MT or 61.89% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
