Russia's move to choke off Ukraine's massive grain exports will further cripple its adversary's economy and could boost Russia's own grain export revenue by sending global grain prices higher. Having strong stores by late August is key because Norwegian facilities will begin maintenance around that time, reducing an important supply of natural gas. A climb in benchmark European gas prices has already unwound in recent days, falling a further 7.9% Friday to EUR26.20 a megawatt-hour. (william.horner@wsj.com)---Palm Oil Ends Lower Amid Continued Soybean Oil Weakness1032 GMT - Palm oil prices ended lower in Asian trading, remaining under a range-bound pattern for the week. Strong U.S. economic data Thursday was the latest factor giving oil prices a boost.

Source: Wall Street Journal July 28, 2023 12:09 UTC