
Malaysian palm oil futures closed at an 11-week low on Thursday, with the December contract down 1.24% at 4,553 ringgit. Chicago soyoil fell 0.59%, and exports for September dropped between 17.1% and 28.8% from August.
Indonesia's January to August palm oil exports were down 0.39% year on year.
Softer soyoil and palm export flows point to weaker vegetable oil prices, while rising output keeps near-term supply comfortable.
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.
Same-day report of an 11-week low driven by a sharp drop in September exports (demand) and rising output (supply), plus weaker soyoil, directly explains the selloff.
11-week low on sharp September export declines, rising output and weaker soyoil reflect demand weakness and supply build.