Together with a lowersoybean output, analysts said that lower palm oil production would help support prices.
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Also, farmers were probably not so keen four years ago on the significantly lowersoybean prices than in previous years.
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A lowersoybean crop to be crushed into oil could shift more vegetable oil demand to the cheaper palm oil.
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A lowersoybean crop to be crushed into soybean oil could shift more demand to the cheaper refined palm oil.
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A lowersoybean crop could lead to a smaller supply of soybean oil, shifting demand to the cheaper refined palm oil.
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A lowersoybean crop for crushing into soybean oil could mean more demand shifting to competing palm oil, which is already trading at a discount.
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Lowersoybean output means less for crushing into soyoil, allowing palm oil to meet the shortfall.
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Lowersoybean output means less for crushing into soyoil, allowing the competing palm oil to meet the shortfall.
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Lowersoybean output could support prices of palm oil, which competes with soybean oil for uses in food and biofuels.
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Lowersoybean stocks for crushing into soybean oil will add support to palm oil, which is already trading at a discount.
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Lowersoybean output would help support prices of palm oil as it competes with crushed soybean oil for use in the food and fuel sectors.
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Lowersoybean ending stocks reported by the U.S. Department of Agriculture on Wednesday also suggested tighter supply and could provide support for palm oil prices.