Malaysian palm oil futures slipped to end a five-day winning streak as soyoil and crude oil fell. A weaker ringgit, which hit a nine-month low, limited the decline and kept prices near three-month highs.
Brent fell to a more than four-year low near $82 a barrel after Saudi Arabia cut its sales prices to the United States.
Lower crude weakens the biodiesel incentive for palm, while a softer ringgit makes ringgit-priced palm cheaper for foreign buyers, which partly offsets the drop. The net effect is a pullback in prices after a sharp rally.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.