# Higher prices, USDA report keep buyers sidelined - Agweek | #1 source for agriculture news, farming, markets

> Palm oil prices on Europe's vegetable oils market rose after Malaysian benchmark futures ended 1.7% higher at a two-month high. Crude palm oil offers were marked up by $5 to $15 a metric ton, with August delivery quoted at $740 a metric ton CIF Rotterdam, and buyers held back ahead of USDA crop forecasts.

- Date: 2016-08-12 · published 2016-08-12T12:00:00.000Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/12517-higher-prices-usda-report-keep-buyers-sidelined-agweek-1-source-for-agriculture
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tight physical palm oil supplies linked to El Niño weather support prices and raise the cost of vegetable oil for feed users. Buyers are waiting for USDA data, which could shift soy complex prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-08-01 | [El Niño 2026: Converging Pressures on Vegetable Oil Markets - Center for Commercial Agriculture](https://feedsoft.ai/events/18245-el-nino-2026-converging-pressures-on-vegetable-oil-markets-center-for.md) | +2.0% | +4.5% |
| PALMOIL | 2023-03-02 | [Palm ends at highest since Nov on flooding woes, weaker ringgit - Markets - Business Recorder](https://feedsoft.ai/events/36952-palm-ends-at-highest-since-nov-on-flooding-woes-weaker-ringgit-markets-business.md) | -0.0% | -5.3% |
| PALMOIL | 2026-07-28 | [Vegoils price commentary: CME soyoil futures down on sharply lower energy prices; CPO at highest in over a week - Fastmarkets](https://feedsoft.ai/events/8279-vegoils-price-commentary-cme-soyoil-futures-down-on-sharply-lower-energy-prices.md) | +0.7% | +4.7% |
| PALMOIL | 2024-12-03 | [Palm oil rises on Malaysia floods, higher Indonesian export tax - Markets - Business Recorder](https://feedsoft.ai/events/27044-palm-oil-rises-on-malaysia-floods-higher-indonesian-export-tax-markets-business.md) | +3.9% | -2.2% |
| PALMOIL | 2026-10-13 | [Palm climbs to two-week high as El Niño supply fears outweigh stocks - Markets - Business Recorder](https://feedsoft.ai/events/530-palm-climbs-to-two-week-high-as-el-nino-supply-fears-outweigh-stocks-markets.md) | -0.2% | — |

## Sources

- agweek.com: https://www.agweek.com/news/higher-prices-usda-report-keep-buyers-sidelined

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.