Vegoils commentary: CPO higher on strength in related oils; soyoil drops on weaker crude prices

Vegoils futures ended a volatile week in opposite directions on Friday February 21. In Asia, crude palm oil (CPO) futures closed in positive territory, reversing direction from the previous day, with strength in related oils and further positioning pushing prices higher. Soyoil futures traded lower on the Chicago Mercentile Exchange amid weakness in crude oil futures and a stronger US Dollar index.