
Malaysian palm oil futures snapped a three-week rally on Friday, with the November contract falling 72 ringgit (1.62%) to 4,377 ringgit a ton and down 3.36% on the week. Weakness in rival edible oils and position squaring ahead of a long weekend pressured prices.
Palm is trading with rival vegoils, so softer soyoil and crude weigh on palm prices and reduce its appeal as biodiesel feedstock.
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.