
Malaysian palm oil futures fell for a sixth straight session to a 13-week low, with the December contract down 0.57% at 4,528 ringgit a ton. Prices were on track for a second weekly loss.
Weak September exports and expected inventories above 3 million tons weighed on the market.
Large Malaysian stocks and weak export demand pressure palm oil prices lower, which can ease costs for vegetable oil and feed ingredient buyers in the near term.
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.
Sixth straight decline to a 13-week low with weak September exports and expected stocks above 3 million tons directly explains the weekly drop.