date:Jan 08, 2014
Malaysian palm oil futures edged lower on Tuesday, hitting a near three-week low and stretching losses into a fourth straight day as continued weakness in U.S. and China soy markets dragged on the tropical oil.
Palm oil, the world's most traded vegetable oil, typicallytracks rival soy oil as both can be substituted for each other.Weaker soy markets could channel some food and fuel demand awayfrom palm as the world's top buyers look for cheaper options.
The U.S. soyoil contract for March fel