# Palm ends over 2% higher on tightening stockpile forecast - Markets - Business Recorder

> Malaysian palm oil futures closed more than 2% higher on December 6 as a Reuters survey pointed to a four-month low in November stockpiles. Soyoil and crude oil also gained, and palm was supported as a biodiesel feedstock.

- Date: 2021-12-06 · published 2021-12-06T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/43696-palm-ends-over-2-higher-on-tightening-stockpile-forecast-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A tightening stock forecast and firmer related oils support palm oil prices, which feed into vegetable oil costs for feed formulators.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40138105

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.