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Malaysian palm oil futures edged higher on Monday on strong export demand, with September 1-25 shipments up 11-13% from a year earlier. Crude oil slipped after Iraqi Kurdistan resumed exports via Turkey and OPEC+ planned another output hike.
Firm export flows support palm prices, while weaker crude reduces biodiesel demand appeal, leaving the net price pressure mixed.
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.