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Malaysian palm oil futures extended losses into a third session on Thursday, with the November contract down 18 ringgit to 4,480 ringgit a ton by midday. Weakness in Dalian vegoils weighed, despite strong Malaysian exports for August 1-20 and falling Indonesian stocks.
Palm is tracking softer rival oils in the short term, while strong exports and lower Indonesian stocks provide underlying support.
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.