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Malaysian crude palm oil futures fell on Wednesday, October 21, as soybean oil prices weakened. Concerns over high palm oil inventories and a lower Indonesian KPBN tender price also weighed on sentiment.
Lower soybean oil and rising palm stocks add downward pressure on vegetable oil prices. This reduces the cost advantage for feed fat buyers switching between palm and soy oil.
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.