Vegoils commentary: CPO falls on pre-weekend positioning, soyoil down on weaker US renewable fuel consumption

Vegoils markets ended the week moving in different directions on Friday March 21. In Asia, crude palm oil (CPO) futures slipped into negative territory at the close of trading, while Chinese vegoils closed with mixed movements. And on the Chicago Mercantile Exchange (CME), soyoil futures traded lower following figures showing a drop in US renewable fuel consumption in February.