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Malaysian palm oil futures reached their highest since August 2012 on Friday before easing to close slightly lower on weaker soyoil and a firmer ringgit. Traders expected the market to consolidate ahead of year-end monsoon rains that typically disrupt harvesting.
Palm oil tracks soyoil and the ringgit, so the pullback in soyoil and currency strength limit near-term gains. Seasonal monsoon harvest disruption could still support palm prices and vegetable oil meal alternatives.
theborneopost.comsuperuserDec 3, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
