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Malaysian palm oil futures posted a series of moves in August, including a six-month high after several straight sessions of gains on expectations of lower-than-forecast production. Other sessions saw declines tied to a firmer ringgit and weaker related edible oils on the Dalian exchange.
Palm oil moves track rival oils and Malaysian production expectations, so the mixed session-by-session action signals short-term volatility in palm oil and related vegetable oil prices.
brecorder.comAug 10, 2019Not 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.
