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Malaysian palm oil January futures on Bursa Malaysia rose 10 ringgit to 4,779 ringgit per ton by midday, a three-week high. The contract gained nearly 4% last week, its second consecutive weekly gain, as Dalian rivals also firmed.
Palm oil strength supports vegetable oil prices and can narrow the discount to soybean oil, affecting fat blending costs for feed buyers.
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.