Against the background of rising oil prices, palm and soybean oil prices rose, despite the absence of fundamental supporting factors

After 38 past bullish macro events, Palm Oil moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +3.0%), and -0.3% over 20.

• Dec 16, 2022Rising oil prices and import rates to India are supporting vegetable oil quotes-0.1%
• May 28, 2026Palm Oil Prices Rise As Crude Oil Gains - Finimize+3.1%
• Dec 5, 2016The good oil on grain prices… - Grain Central+0.8%
• Apr 30, 2026Ringgit closes lower on volatile oil prices | The Star+0.5%
• Jan 2, 2022Palm oil prices to stay high as fertiliser costs limit output, says CPOPC | The Star+5.7%

After 28 past bullish macro events, Soybean Oil moved a median -1.2% over 5 sessions (32% higher; middle half -2.1% to +1.8%), and -2.3% over 20.

• Dec 16, 2022Rising oil prices and import rates to India are supporting vegetable oil quotes+1.3%
• Mar 13, 2020Crude oil sell-offs see prices for palm oil decline | Analysis & Features | The Grocer-2.6%
• Dec 5, 2016The good oil on grain prices… - Grain Central-2.1%
• Jul 15, 2022Runaway price hikes has soy farmers hoarding all they can | Buenos Aires Times-1.2%
• Jun 10, 2021In the eye of the storm: How the oilseeds market emerged as the global driver of agriculture markets, its role in wider food price inflation - Fastmarkets-10.5%

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Oct 15, 2021Oil prices rise to three-year high on back of supply deficit forecasts+1.5%
• Mar 20, 2023Oil prices rebound after hitting lowest since 2021 on banking fears+3.9%
• Jan 4, 2019Dollar cycle may be about to turn, supporting oil prices: Kemp+11.7%
• May 28, 2026Palm Oil Prices Rise As Crude Oil Gains - Finimize+8.1%
• Aug 4, 2017Oil prices rise after strong US jobs data; rising exports cap gains-1.0%