
Malaysian palm oil futures extended losses on November 4, down 1.45% to RM4,146 per tonne, weighed down by weaker Dalian rival oils and rising production. Malaysian and Indonesian exports rose in October and January-September respectively.
Rising Malaysian output and weaker Dalian edible oil prices pressure palm oil, while firmer export data offers limited support.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Notes losses tracking weaker Dalian oils and rising production and exports, supporting the bearish supply and rival-oil pressure, though dated after the move.