
The Malaysian Palm Oil Council says palm oil should stay rangebound at RM4,000 to RM4,300 per tonne in March. Malaysian January output fell 13.8% month-on-month while exports rose 11.4%, and inventories declined for the first time in nearly a year.
Higher exports and falling stocks offset rising substitute supply from soybean oil, so prices are likely to consolidate near current levels for feed and oils buyers.
After 66 past neutral report events, PALMOIL moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% over 20.
After 114 past neutral report events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% 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.