Loading…
Wheat futures in Paris and Chicago rose after the USDA's WASDE raised global 2020/21 wheat consumption and exports while trimming stocks. Malaysian palm oil inventories fell to their lowest in more than three years, and palm oil values rallied.
Strong Chinese demand and tighter palm oil stocks support vegetable oil and wheat prices, though slower export demand may limit gains.
ahdb.org.ukNov 11, 2020After 431 past bullish trade events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 133 past bullish trade events, PALMOIL moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
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.
