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Malaysian crude palm oil futures ended mostly higher on Sept. 28 as an upcoming La Nina rainy season was expected to constrain harvesting.
Concerns over a movement control order in Sabah, which accounts for about 25% of national output, also added support.
Expected weather-related output losses and possible lockdown disruptions in Sabah tighten palm supply, supporting prices into the coming months.
malaymail.comSep 28, 2020After 181 past bullish weather events, Palm Oil 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.
