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Asia Biodiesel US

CPO falls after rally, with beans also falling

CPO fell nearly 2% to 2,352 ringgit/mt yesterday after CPO’s bull market climb meant it was the strongest performer of the bean palm complex. Estimates are that CPO was overbought in the short term during last weeks rally causing downward pressure on CPO. Weakness in CBOT bean oil caused BO to fall from the one…

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