Loading…
Malaysian palm oil futures slipped in morning trade, with the August contract about 0.3% lower. Traders expect lower May exports, with AmSpec reporting Malaysian shipments of 1.2 million tonnes, down 8.8% from April, and Indonesian exports down 13.6% month on month.
Falling Indonesian and Malaysian exports point to tighter export availability, which supports palm prices, though weak spot demand is offsetting that effect.
zmp.deMay 31, 2018After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% over 20.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% 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.
