Palm oil extends losses on weak demand

After 10 past bearish disease events, PALMOIL moved a median +0.4% over 5 sessions (50% higher; middle half -5.0% to +1.3%), and -8.5% over 20.

• Feb 4, 2020Malaysia bets instant noodles will sustain palm oil demand in virus-hit China+4.6%
• Feb 5, 2020Temporary drop on local palm oil prices due to coronavirus+1.3%
• Feb 5, 2020Coronavirus drags down commodity prices as demand from China drops - Business - The Jakarta Post+1.3%
• May 12, 2020Palm oil players warn of tougher times as pandemic hits prices | Malaysiakini+2.4%
• Mar 31, 2020The price of sunflower and soybean in Ukraine in the near future may be reduced-6.2%

After 13 past disease events, SBO moved a median -0.3% over 5 sessions (38% higher; middle half -2.3% to +1.2%), and -4.6% over 20.

• Nov 26, 2021Algos and options turn a tumble into a crash on oil's Black Friday - The Business Times-4.6%
• May 12, 2020Palm oil players warn of tougher times as pandemic hits prices | Malaysiakini+4.3%
• Feb 28, 2020China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank | S&P Global+0.9%
• Mar 31, 2020The price of sunflower and soybean in Ukraine in the near future may be reduced-0.1%
• Mar 30, 2020NCP affects vegetable oil consumption and livestock production, and new changes appear in vegetable oil and meal markets - China Oil and Oilseeds Report - CnAgri-China Agriculture Consultant-1.6%