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Nearby Malaysian palm oil forward contracts on the MDEX curve recovered above MYR 4,400 per tonne, with the curve modestly upward sloping. Gains are reported to fade in later months, and El Niño risks are noted in the market update.
El Niño risk to palm output is a potential bullish factor for later-dated contracts, but the price action described is largely range-bound commentary.
commodity-board.comOct 30, 2026After 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.
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.
