Palm oil prices seen ticking up as rains slash output and demand strengthens

After 181 past bullish weather events, Palm Oil moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% over 20.

• Aug 30, 2023From rice to palm oil, Asian crops output forecast lower as El Nino strengthens+0.6%
• Jul 21, 2017Palm oil demand up as dry U.S. weather seen hurting rival soy crops+0.8%
• Sep 6, 2023From rice to palm oil, crop output forecasts for Asia-Pacific lower as El Nino strengthens | The Straits Times-4.2%
• Dec 13, 2024Exclusive: Heavy rains to hit Malaysian palm oil output again in December, says MPOB | Reuters-3.6%
• Sep 29, 2023Indonesian Palm Oil Association sees palm oil prices rising in 2024 as El Nino crimps domestic output-4.5%

After 18 past neutral weather events, Soybean Oil moved a median +2.6% over 5 sessions (72% higher; middle half -0.4% to +3.5%), and +3.6% over 20.

• Jan 23, 2024Palm oil rebounds on severe rain concerns, Chinese demand - Markets - Business Recorder-5.7%
• Aug 1, 2026Sunflower Market: EU Heat Stress Tightens 2026 Outlook, Prices Firm — CMB News+3.6%
• Jun 29, 2023Soybean oil supply and demand: Scott Gerlt comments - Fastmarkets+8.3%
• Dec 7, 2022Sunflower prices in Ukraine were supported by a decline in harvest forecasts in the Russian Federation-1.4%
• Aug 31, 2026Corn sees slight gains as wheat takes profits - Brownfield Ag News+4.8%