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Malaysian palm oil futures fell over 1.5% to near 4,600 ringgit per tonne, their lowest since mid-October. Crude oil retreated amid Middle East diplomacy, reducing palm's appeal as a biodiesel feedstock.
Weaker crude and softer palm futures signal lower vegetable oil prices and reduced biodiesel feedstock demand.
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.