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Malaysian palm oil futures closed higher on Wednesday, logging a second straight monthly gain on robust November exports. The February contract rose 0.45% to a high since November 11, and the ringgit's strength limited upside.
Strong Malaysian exports and firmer soyoil tighten nearby palm supply and support prices. A stronger ringgit makes palm more expensive for foreign buyers, capping gains.
brecorder.comReutersDec 1, 2022Not 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.
