A half-year industry report says palm oil prices rallied in the first half of 2021, with Malaysian CPO peaking at a record futures high in May before trending lower. Low ending stocks in Indonesia and Malaysia and slowing production growth supported prices.
Tight palm oil inventories and stagnant output growth underpin vegetable oil prices, supporting soybean oil and other edible oil values for feed and food buyers.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.