
Malaysian palm oil futures closed higher for a third session on April 3, with the June contract up 89 ringgit to 4,401 ringgit a ton, its highest in 13 weeks. Gains were attributed to hot weather, lower yields and a Ramadan-related production slowdown ahead of Eid.
Lower yields and seasonal production slowdowns tighten near-term palm supply, supporting prices into the Eid period.
After 181 past bullish weather events, Palm Oil moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% over 20.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), 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.