Malaysian CPO settlement prices fell to RM4,115 per tonne by November 3, down 10.3% from the October high. Lower Dalian soyoil and palm prices and talk of reduced US tariffs on Indonesian palm oil weighed on the market.
Lower tariff expectations for Indonesian palm oil and weaker regional oil prices are bearish, partly offset by firmer October exports and a weaker ringgit.
After 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.
Reports palm settlement prices falling to RM4,115 by Nov 3 on weaker Dalian soyoil and talk of reduced US tariffs on Indonesian palm, directly describing the selloff on the move date.