Palm gave up a quarter of the gains from the last 2 days of gains to profit-taking triggered by weaker soybean oil on Dalian and CBOT. All trading months languished in red across the board for the whole day. Most liquid Feb contract traded 4899-4792 failing to re-test the 4900 level after pricing in weaker than expected Nov production and soaring stocks ahead of actual data due at the end of this week…

 

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