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The ASEAN Climate Outlook Forum reached a consensus for the December-February 2024/25 season, based on a session held November 26-29, 2024. The outlook covers the boreal winter monsoon in Southeast Asia.
Monsoon outlooks for Southeast Asia matter for palm oil and rice output, but the consensus is routine and has little immediate price impact.
asmc.asean.orgChen SchwartzDec 9, 2024After 19 past neutral weather events, Palm Oil moved a median +0.2% over 5 sessions (53% higher; middle half -0.4% to +1.1%), and +2.4% over 20.
After 31 past neutral weather events, Rough Rice moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% 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.
