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SunSirs reported palm oil and soybean oil index gains in early December, with palm oil up about 8% and soybean oil up about 2.5% over the early-December level. The rally followed biodiesel policy news and seasonal consumption peaks, while soybean meal and rapeseed meal prices fell.
Biodiesel policy support and peak-season demand are tightening vegetable oil supply, which lifts oil prices relative to meal and widens the oil share of crush values.
sunsirs.comDec 11, 2019After 548 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
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.
Palm and soybean oil indexes rose on biodiesel policy news and seasonal demand, showing the broader vegetable oil rally.
