
Malaysia's palm oil stocks fell for a fifth consecutive month in February, reaching a nearly two-year low as output dropped. Malaysia is the world's second-largest palm oil producer after Indonesia.
The article notes palm's premium over soyoil is reducing demand.
Tighter Malaysian stocks reduce exportable supply and can support benchmark palm futures, which pull up feed-related vegetable oil costs. Palm's price premium over soyoil may cap demand gains.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
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.