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Malaysian palm oil futures closed up 0.45% at 4,663 ringgit a tonne on bargain buying after a two-session decline. Exports for July 1-25 rose 8.1% to 15.9% from a month earlier, and crude oil jumped more than 3% on Middle East escalation.
Firmer crude and strong export shipments support palm as a biodiesel feedstock and food oil. Higher production estimates and the absence of Indonesian B50 allocations limited the gains.
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.