# Palm rises but poised to snap three-week winning streak - Markets - Business Recorder

> 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.

- Date: 2026-08-28 · published 2026-08-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/18016-palm-rises-but-poised-to-snap-three-week-winning-streak-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Palm oil tracks rival vegetable oils and crude, so the gain in soyoil supports prices, while weaker crude reduces biodiesel demand support.

## Read by commodity

- SBO: bullish ▲
- WTI: bearish ▼
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40436836

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