Will the rise of futures crude oil drive the rise of futures vegetable oil?

Yes There is a certain correlation between crude oil futures and vegetable oil futures because crude oil is an important raw material for vegetable oil production. The rise of crude oil price will drive up the cost to a certain extent, which will lead to the rise of vegetable oil futures price. On the contrary, when the price of crude oil falls, it will drive the price of vegetable oil futures to fall.

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