
Malaysian palm oil futures plunged as much as 9.8% on March 14, erasing part of a recent gain of about 20%. The drop followed weaker Dalian oils and crude, and Argentina's halt on soy oil and meal registrations.
Argentina's export halt is seen as slightly bearish since traders expect higher export taxes that would lower local prices, while falling crude and rival oils pressure palm prices.
Tras 12 eventos bajista de geopolítica pasados, Aceite de palma se movió una mediana de -4,5 % en 5 sesiones (17% al alza; mitad central entre -5,9 % y -2,3 %), y -6,2 % en 20.
Tras 28 eventos bajista de geopolítica pasados, Aceite de soja se movió una mediana de -2,7 % en 5 sesiones (21% al alza; mitad central entre -8,3 % y -0,7 %), y -2,1 % en 20.
Tras 62 eventos de geopolítica pasados, Harina de soja se movió una mediana de -0,1 % en 5 sesiones (47% al alza; mitad central entre -2,4 % y +3,0 %), y -0,4 % en 20.
Tras 255 eventos bajista de geopolítica pasados, Petróleo crudo (WTI) se movió una mediana de -2,4 % en 5 sesiones (31% al alza; mitad central entre -7,0 % y +1,7 %), y -5,0 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
A near-10% plunge in Malaysian palm oil on March 14 on weaker Dalian oils and crude dragged on competing vegetable oils such as soybean oil via substitution and sentiment, even as the Argentina halt had been expected to be supportive.
Malaysian palm oil plunged nearly 10% on March 14 as Dalian oils and crude weakened, dragging competing vegetable oils such as soybean oil lower through substitution and sentiment.
Palm plunged nearly 10% on weaker Dalian oils and crude, signalling vegoil-complex liquidation after a ~20% rally that likely carried into soybean oil.