
India's palm oil imports are expected to fall to a near five-year low in January, according to government and industry sources. Negative refining margins and palm oil's premium over rival oils are pushing Indian buyers toward cheaper soyoil.
Lower Indian palm demand weighs on Malaysian and Indonesian palm prices, while the shift to soyoil supports soybean oil demand and prices.
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.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% 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.