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Malaysian palm oil futures rose 0.7% to 4,144 ringgit per ton on November 4, rebounding from a four-month low. Traders responded to stronger rival oils and a weaker ringgit, despite record stocks and October inventory forecasts of 2.44 million tons.
Rebounding soyoil and a weaker ringgit improve palm oil's export competitiveness, though high inventories and technical resistance limit gains.
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.