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Malaysia posted a record October trade surplus of MYR 16.3 billion, driven by a surprise 17.7% rebound in exports. Electrical and electronics and commodity exports such as LNG, crude, petroleum products and palm oil were key drivers.
Strong export momentum supports the ringgit, while the report's warning of slower global growth and lower commodity prices in 2019 points to softer palm oil demand ahead.
think.ing.comDec 5, 2018Not enough comparable past events yet for a historical read.
After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% over 20.
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.
