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Palm oil futures are setting fresh life-of-contract lows, widening the spread between soybean oil and palm oil to its highest since November. Analysts expect the May 12 MPOB report to determine the short-term direction.
A wide soyoil-palm spread shifts trade flows toward cheaper palm oil and keeps pressure on palm prices until supply data confirms a bottom.
thejacobsen.comTore AldenMay 7, 2020Not 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.
