
Malaysian palm oil hit a two-week high, closing the February contract at 4,157 ringgit per metric ton, up 1.5% in a day. Gains followed stronger Chicago soyoil and Dalian contracts, a softer ringgit, and renewed Chinese purchases of US soybeans after a trade truce.
Broad edible oil strength and China's US soybean buying support vegetable oil prices, though a technical resistance level near 4,121 ringgit may limit gains.
Not 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.
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.