Malaysian palm oil futures fell over 1% to a near three-week low of 4,616 ringgit a ton, extending losses for a fourth session. Weaker rival oilseeds, rising October inventories and uncertainty over removal of the crude palm oil export tax weighed on the market.
Lower rival oil prices and expectations of higher Malaysian stocks point to softer palm oil prices and weaker demand for soy oil substitutes.
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.