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Malaysian palm oil futures fell for a second day on May 31 as Indonesia prepared to issue its first export permits since lifting the ban. Indonesia plans to initially allocate 1 million tonnes of exports, versus typical monthly shipments of about 3 million tonnes.
Calibrated resumption of Indonesian exports with mandatory domestic sales eases global palm supply concerns, pressuring palm and related vegetable oil prices.
brecorder.comReutersMay 31, 2022After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.
