Palm hits lowest in over 1-1/2 years as recession fears dent demand - Markets

After 51 past bearish macro events, Palm Oil moved a median -1.3% over 5 sessions (35% higher; middle half -4.1% to +1.1%), and -1.8% over 20.

• Jul 1, 2022Palm oil falls 4% on recession fears, higher supply outlook - Markets - Business Recorder-24.3%
• Mar 16, 2022Palm extends losses - Markets - Business Recorder+1.1%
• Feb 28, 2020Palm oil heads for worst week in 11 years on demand destruction | The Star-4.9%
• Feb 28, 2020Asian palm oil market drops 5.7% on coronavirus fears | S&P Global-4.9%
• Feb 25, 2020Crude palm oil futures hit 4-month low on uncertain market sentiment | Malay Mail-13.3%

After 40 past bearish macro events, Soybean Oil moved a median -0.8% over 5 sessions (45% higher; middle half -4.5% to +1.7%), and -1.5% over 20.

• Jul 1, 2022Palm oil falls 4% on recession fears, higher supply outlook - Markets - Business Recorder-7.8%
• Mar 16, 2022Palm extends losses - Markets - Business Recorder+1.2%
• Mar 10, 2020Fear in the Market Drives Dow and Crude Oil Lower, Drags Ag Markets Along | Hoosier Ag Today-8.5%
• Feb 28, 2020Asian palm oil market drops 5.7% on coronavirus fears | S&P Global+0.9%
• May 19, 2021Oil prices dive $2 on fears of Asian pandemic, possible U.S. rate hikes | Reuters-1.2%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Mar 31, 2021Dollar hits new one-year high to yen on US pandemic recovery optimism - Markets - Business Recorder-0.9%
• Jun 30, 2022Euro under pressure as inflation fears send investors to dollar haven - Markets - Business Recorder+1.5%
• Jul 1, 2021Long bets cut on Asian FX; Fed tapering fears, virus spike hits rupiah - Markets - Business Recorder+0.5%
• Sep 28, 2021Dollar hits 10-1/2-month high as Treasury yields surge - Markets - Business Recorder+0.5%
• Sep 25, 2023Sterling hits fresh multi-month lows on dollar and euro - Markets - Business Recorder+0.6%