Vegoils commentary: CPO futures drops on soft demand; soyoil higher on crude oil

Vegoils markets traded in opposite directions on Thursday February 20. In Asia, crude palm oil (CPO) futures closed in negative territory after trading in both directions during the day amid mixed movements in related oils. On the Chicago Mercantile Exchange, soyoil futures rose amid strength in crude oil futures and a positive trend in the soybean complex.