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Malaysian palm oil futures for November delivery rose 0.89% to 4,859 ringgit per tonne, though the contract was still set to fall about 3.4% for the week. Gains followed firmer soyoil prices and concerns about future output.
Crude oil prices fell, which reduces palm's appeal as biodiesel feedstock.
Palm oil tracks rival vegetable oils and crude, so the gain in soyoil supports prices, while weaker crude reduces biodiesel demand support.
brecorder.comReutersAug 28, 2026Not 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.
