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Malaysian palm oil futures rose 0.85% after a holiday, supported by firmer rival edible oils, a weaker ringgit and higher crude oil prices. Crude rose about 2% after reported fresh US strikes on an Iranian military site.
European Commission data showed lower year-to-date import totals for soybean and palm oils.
Higher crude raises biodiesel margins, which can lift demand for vegetable oil feedstocks like palm oil. A weaker ringgit makes Malaysian palm oil cheaper for overseas buyers, though softer EU import data limits the upside.
finimize.comFinimize NewsroomMay 28, 2026After 38 past bullish macro events, Palm Oil moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +3.0%), and -0.3% over 20.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
