Vegoils commentary: Soyoil futures down after USDA Outlook; CPO falls in external markets

Vegoil markets traded largely in negative territory on Thursday February 27 as soyoil futures dropped on the Chicago Mercantile Exchange following the USDA Outlook report. In Asia, crude palm oil (CPO) futures fell sharply on Thursday as weakness in related vegoils and external markets pushed the most active third month contract to a two-week low.