Loading…
Malaysian palm oil futures rebounded 1% to 4,973 ringgit per tonne after two sessions of losses. Rainy season weather was disrupting production in key producing regions, and traders said output remained slow.
Soyoil and other rival oils also gained.
Weather-related production delays in Malaysia support palm prices, and firm rival oil prices keep the vegetable oil complex well supported.
brecorder.comReutersOct 25, 2021After 181 past bullish weather events, PALMOIL moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% 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.
