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A market report notes the sunflower harvest is nearly finished with lower yields and quality across most countries, especially in the Black Sea after drought. Palm oil prices rose on tight stocks and Indonesia's planned biodiesel mandate increase to B40, while US soybean crop prospects are excellent.
Poor sunflower and rapeseed crops and rising biodiesel demand support vegetable oil prices, tightening the supply of oilseed meals used in feed.
lipsa.esOct 23, 2024Not enough comparable past events yet for a historical read.
After 149 past bullish report events, PALMOIL moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
