
Malaysian crude palm oil futures fell to a four-month low on November 21, closing at 4,068 ringgit per tonne, while Chicago soyoil also declined. Vegetable oil prices fell in China and India on weak buying, and European rapeseed and sunflower oil prices also dropped.
Weaker crude oil and bearish export sentiment with higher palm output push vegetable oil prices lower, which lowers the cost of palm and soy oil as feed energy and protein co-product inputs.
Not 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.