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Malaysian December CPO futures slipped 0.09% to 4,442 ringgit per tonne on October 3, after a two-day rise. CME soyoil softened on US biofuel policy uncertainty while soymeal gained.
Palm oil tracks soyoil closely, so softer CME soyoil on RFS/RVO uncertainty pressures palm prices. Weekly gains reflected lower expected Malaysian stocks.
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.