All the signs are pointing to an Upcoming Bull run in Palm Oil stocks again.
3 Super Typhoons destroyed the Bread basket of Heilongjiang, China. Floods destroyed Soybean crops of Maharastha of India. Sweeping Typhoons, Vietnam, Korea, Japan, Thailand, Philippines, Greece, France, Italy, Mexico & USA South-east states like never before. Drought in Australia, Black sea, USA Mid west, Brazil & Argentina have converged into a Food Crisis
As we type the World is panic buying Soybean near USD12. Thus pushing up Palm Oil
Why panic buying?
Answer: China needs lots of Soybean & corn as all its Crops were destroyed. Soybean & corn also needed to rebuild its 200 Million pigs destroyed by Swine flu last year
And a picture speaks a thousand words
Severe Drought in South America