Palm climbs to two-week high as El Niño supply fears outweigh stocks - Markets

After 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.

• Jun 2, 2021Palm oil climbs 5pc, hits two-week high - Markets - Business Recorder+4.3%
• Nov 4, 2020Palm oil climbs to near 10-month high on tight supply outlook - Markets - Business Recorder+6.0%
• Jan 21, 2021Palm ends two-day decline as floods raise supply worries - Markets - Business Recorder+0.8%
• Oct 19, 2022Palm climbs for fourth day on weather woes, India tax fears - Markets - Business Recorder+1.0%
• Jul 23, 2020Palm oil tracks soyoil fall, wet weather stokes supply concerns - Markets - Business Recorder+0.2%

After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.

• Jun 2, 2021Palm oil climbs 5pc, hits two-week high - Markets - Business Recorder+5.1%
• Oct 19, 2022Palm climbs for fourth day on weather woes, India tax fears - Markets - Business Recorder+3.8%
• Jun 2, 2023Palm ends 3% higher on stronger rivals, El Nino worries - Markets - Business Recorder+5.0%
• Jul 23, 2026Malaysian palm oil closes higher on supply squeeze concerns - Markets - Business Recorder-6.7%
• Jan 4, 2021Malaysian palm oil futures climb - Markets - Business Recorder+0.4%