Edible Oil Market Update

• Malaysian Palm Oil (KLC): Signs of sluggishness at higher levels, potential decline to fill the gap, but the overall sentiment in the global vegetable oil market remains positive.

• ICE Canola: Mixed trend; Canadian agricultural imports remain unaffected by U.S. tariffs, keeping Canola oil shipments steady.

• CBOT Soybean Oil: Gained due to short-covering and optimism over increased biofuel blending mandates.

• Biofuel & Soybean Oil: Expectations of strong regulatory demand following discussions between the U.S. biofuel industry and the EPA, leading to fresh speculative buying in soybean oil.

Outlook for Traders

• Short-term corrections are possible, but strong biofuel and global demand suggest a long-term bullish trend.

• Caution is advised at current high levels in KLC, while soybean oil and canola may maintain a positive trend.