CPO prices to rise to US$850/tonne or higher next year

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.

• Oct 22, 2026Palm oil prices to stay high next year on Southeast Asia drought-0.4%
• Jan 2, 2019CPO prices to gradually rise in 2019, stockpiles remain high in 1Q+6.1%
• Jan 15, 2024OCBC Research revises 2024 CPO price to average RM3,650 per tonne | The Star-0.2%
• May 31, 2024SD Guthrie expects CPO prices to average above RM4,000 a tonne this year, says group COO | Malay Mail+2.2%
• Nov 24, 2016Lower palm oil output into early next year likely to support prices - The Business Times+3.8%

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.

• Nov 24, 2016Lower palm oil output into early next year likely to support prices - The Business Times+2.1%
• Jul 11, 2017European biodiesel prices rise in line with higher rapeseed oil : The Daily Digest-1.8%
• Nov 25, 2020Reduction in sowing areas of winter rape in Ukraine and the EU contributes to higher prices-1.6%
• Jun 27, 2023Palm oil will rise in price in the second half of the year – forecast+9.1%
• Mar 9, 2021CPO hits 10-year high on sustained soyoil rally | The Star+3.1%

After 40 past bullish weather events, Crude Oil (WTI) moved a median +1.6% over 5 sessions (63% higher; middle half -3.7% to +5.3%), and +6.1% over 20.

• Dec 23, 2022Storm cuts U.S. oil, gas, power output, sending prices higher+3.3%
• Jan 16, 2026Oil prices rise as supply risk remain in focus+2.8%
• Nov 11, 2024U.S. Natural Gas Prices Jump Over 10% After Hurricane Rafael Hits | OilPrice.com-4.8%
• Nov 5, 2024Oil prices edge up on Gulf of Mexico storm ahead of US election results-2.7%
• Sep 12, 2024Oil rises 2% as storm batters US Gulf of Mexico production+5.3%