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Soy Oil Jumps to Another All-Time High on Global Shortage Fears

  • War, hoarding, weather worries drive up vegetable oil prices
  • Corn nears decade high with ‘struggling’ Brazil crop in focus
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World Bank's Pangestu on Global Commodities
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Soybean oil once again reached the loftiest price ever while corn approached a decade high as war in Ukraine chokes global supplies of grains and vegetable oils.

Russia’s invasion of its neighbor is upending trade of key agriculture crops from a major exporting region, driving up commodity prices and causing nations to go into hoarding mode to avert massive food shortages and potential civil unrest.