# Palm plummets nearly 10% as rival Dalian oils, crude weaken - Markets - Business Recorder

> Malaysian palm oil futures plunged as much as 9.8% on March 14, erasing part of a recent gain of about 20%. The drop followed weaker Dalian oils and crude, and Argentina's halt on soy oil and meal registrations.

- Date: 2022-03-14 · published 2022-03-14T12:00:00.000Z
- Category: geopolitics · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/5499-palm-plummets-nearly-10-as-rival-dalian-oils-crude-weaken-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Argentina's export halt is seen as slightly bearish since traders expect higher export taxes that would lower local prices, while falling crude and rival oils pressure palm prices.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼
- WTI: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2022-03-18 | 5 | -10.1% | -3.2 | A near-10% plunge in Malaysian palm oil on March 14 on weaker Dalian oils and crude dragged on competing vegetable oils such as soybean oil via substitution and sentiment, even as the Argentina halt had been expected to be supportive. |
| SBO | 2022-03-14 | 1 | -2.7% | -3.0 | Malaysian palm oil plunged nearly 10% on March 14 as Dalian oils and crude weakened, dragging competing vegetable oils such as soybean oil lower through substitution and sentiment. |
| SBO | 2022-03-17 | 1 | -3.1% | -3.2 | Palm plunged nearly 10% on weaker Dalian oils and crude, signalling vegoil-complex liquidation after a ~20% rally that likely carried into soybean oil. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-03-28 | [Palm falls as crude prices slump, March exports weaken - Markets - Business Recorder](https://feedsoft.ai/events/5916-palm-falls-as-crude-prices-slump-march-exports-weaken-markets-business-recorder.md) | -13.0% | -3.9% |
| PALMOIL | 2022-02-27 | [Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede - The HinduBusinessLine](https://feedsoft.ai/events/8528-ukraine-crisis-agri-commodities-prices-plunge-in-global-markets-as-supply-fears.md) | +9.2% | +9.9% |
| PALMOIL | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | -5.8% | -3.8% |
| PALMOIL | 2018-03-06 | [Malaysia to respond with 'might and tact' if EU proceeds with palm oil curbs: minister](https://feedsoft.ai/events/65879-malaysia-to-respond-with-might-and-tact-if-eu-proceeds-with-palm-oil-curbs.md) | -2.7% | -0.4% |
| PALMOIL | 2020-03-02 | [Coronavirus weighs on global grain markets  \| Queensland Country Life \| QLD](https://feedsoft.ai/events/12540-coronavirus-weighs-on-global-grain-markets-queensland-country-life-qld.md) | -7.2% | -13.4% |
| SBO | 2026-03-10 | [Chicago soy, grains retreat as technical selling unwinds crude-driven rally - Markets - Business Recorder](https://feedsoft.ai/events/10390-chicago-soy-grains-retreat-as-technical-selling-unwinds-crude-driven-rally.md) | -5.7% | +0.4% |
| SBO | 2020-03-30 | [US, Russian oil officials to meet as Brent crude hits 18-year low \| OPEC \| Al Jazeera](https://feedsoft.ai/events/54288-us-russian-oil-officials-to-meet-as-brent-crude-hits-18-year-low-opec-al-jazeera.md) | -1.6% | -6.9% |
| SBO | 2020-03-08 | [Oil prices crash by most since 1991 as Saudi Arabia launches price war \| CNN Business](https://feedsoft.ai/events/4426-oil-prices-crash-by-most-since-1991-as-saudi-arabia-launches-price-war-cnn.md) | -8.3% | -7.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40160580

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.