
Vegetable oil prices fell as Argentina's temporary export duty cut increased soyoil and sunflower oil supply at discounts. Chicago soyoil fell 6.6% over the week, and Malaysian palm oil and Dalian soyoil also declined.
Cheaper Argentine oil and weak China demand pull the global vegetable oil complex lower, including palm oil and sunflower oil, which competes with soyoil for buyers.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
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.