ZL1! Again US Soybean oil settle at this price level $40.50 to $42. We think it will be going toward $48 to $50 level once again. For long term it will be going higher gradually.
ZL1! Crude oil, Sunflower, Soybeans, Soybean oil & Palm oil have good bullish positions. Not for short, every oil item going higher for long. For now Soyoil looks $48-$50 level.