# Plantation – Singapore - UOB Kay Hian 2018-06-21: Do Not Get Over-bearish On Palm Oil | SG Investors.io

> UOB Kay Hian's plantation research says crude palm oil fell to a new low of US$577/tonne, down 23% from its February peak, as US-China tariffs weighed on soyoil and palm exports fell in early June. The broker maintains a market weight rating.

- Date: 2018-06-21 · published 2018-06-21T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/64601-plantation-singapore-uob-kay-hian-2018-06-21-do-not-get-over-bearish-on-palm
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weak palm prices and a widening PO-GO spread could lift discretionary biodiesel demand and support palm oil over the longer term, while near-term export weakness keeps pressure on prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-04-11 | [Wilmar International - DBS Research 2017-04-11: Spot crush margins in China turn negative \| SG Investors.io](https://feedsoft.ai/events/71573-wilmar-international-dbs-research-2017-04-11-spot-crush-margins-in-china-turn.md) | +0.5% | +2.5% |
| SOY | 2018-05-07 | [Brazil, other competitors close gaps on U.S. export markets \| 2018-05-07 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/65059-brazil-other-competitors-close-gaps-on-u-s-export-markets-2018-05-07-agri-pulse.md) | -3.2% | -2.5% |
| SOY | 2018-12-20 | [China Trade War Rattles Investors in New US Soy Processing Plants](https://feedsoft.ai/events/61650-china-trade-war-rattles-investors-in-new-us-soy-processing-plants.md) | -3.4% | +1.9% |
| SOY | 2020-11-06 | [Soya bean prices rise to four-year high  - 06 November 2020 Premium](https://feedsoft.ai/events/12426-soya-bean-prices-rise-to-four-year-high-06-november-2020-premium.md) | +3.2% | +5.6% |
| SOY | 2024-06-12 | [US to turn net exporter of soybean oil on production rise, falling biofuel usage: FAS](https://feedsoft.ai/events/15211-us-to-turn-net-exporter-of-soybean-oil-on-production-rise-falling-biofuel-usage.md) | -0.3% | -3.0% |
| PALMOIL | 2017-04-11 | [Wilmar International - DBS Research 2017-04-11: Spot crush margins in China turn negative \| SG Investors.io](https://feedsoft.ai/events/71573-wilmar-international-dbs-research-2017-04-11-spot-crush-margins-in-china-turn.md) | -1.8% | +2.1% |
| PALMOIL | 2020-01-17 | [Govt to use diplomatic channel on India’s palm oil restriction](https://feedsoft.ai/events/54959-govt-to-use-diplomatic-channel-on-india-s-palm-oil-restriction.md) | -0.0% | -10.8% |
| PALMOIL | 2019-04-06 | [Indonesian Palm Oil Association Says EU Discriminatory](https://feedsoft.ai/events/59613-indonesian-palm-oil-association-says-eu-discriminatory.md) | -2.6% | -11.6% |

## Sources

- research.sginvestors.io: https://research.sginvestors.io/2018/06/plantation-stocks-singapore-wilmar-bumitama-first-resources-golden-agri-uob-kay-hian-2018-06-21.html

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