Loading…
Malaysian palm oil futures slid about 0.6% to 3,872 ringgit by midday on Wednesday. Aggressive Indonesian offers and a stronger ringgit pressured prices.
Chicago soyoil fell 0.4% after an overnight rise on Brazil dryness concerns.
Competitive Indonesian supply and a firmer ringgit make palm less attractive to buyers, pressuring vegetable oil prices. Brazil weather risk to soybean yields provides partial offset through the soy complex.
brecorder.comReutersNov 29, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
