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Malaysian palm oil futures rose sharply on August 4, with the front-month up nearly 4%, on lower output expectations and renewed Indian physical buying. Traders also cited political uncertainty in Malaysia and a Dalian rally driven by Chinese funds.
Lower output expectations and firm Indian import demand support palm oil prices and tighten the vegetable oil complex, which lifts soyoil and competes with meal demand.
fastmarkets.comLiliana MintonAug 4, 2021Not 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.
