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The FAO vegetable oil price index fell 12% over the past marketing year and dropped 1.6% in June to its lowest since December 2018. Declines in palm and soybean oil drove the index lower, while sunflower and rapeseed oil held up on smaller expected harvests.
Broad weakness in palm and soyoil reflects sluggish demand and ample supply, while sunflower and rapeseed firmness shows tighter competing supplies.
renewable-carbon.euJul 25, 2019After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
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.
