Loading…
The Global Oil & Fats Business outlook says Indonesian palm oil exports fell to a 12-year low in 2021/22 after export taxes and an April 2022 export ban. It forecasts global oilseed output up 8% in 2022/23, led by larger South American and US soybean crops and higher Canadian and EU rapeseed.
A rebound in Indonesian palm exports and a larger 2022/23 oilseed supply would ease vegetable oil and meal prices, while higher China soybean demand offsets part of that.
gofbonline.comgofb-admAug 20, 2022After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
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.
