# Crude palm oil futures hit 4-month low on uncertain market sentiment | Malay Mail

> Crude palm oil futures on Bursa Malaysia Derivatives fell below RM2,500 per tonne, their lowest since November 2019, as broader equity and commodity markets sold off on Covid-19 concerns. Soybean oil also dropped on the Chicago Board of Trade and Dalian Commodity Exchange. AmSpec data showed Malaysian palm oil exports for February 1-25 fell 3% from the January period.

- Date: 2020-02-25 · published 2020-02-25T12:00:00.000Z
- Category: macro · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/6573-crude-palm-oil-futures-hit-4-month-low-on-uncertain-market-sentiment-malay-mail
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Covid-19 lockdowns and event cancellations threatened consumer and business demand, weighing on vegetable oil prices and export flows. Lower palm and soy oil prices reduce the cost of these fats for feed formulators but signal weaker demand.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2020-03-02 | 5 | -13.3% | -4.9 | The 4-month low on Feb 25 and softer Malaysian exports show the selling pressure building at the start of the window, though it falls partly before the window opens. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-04-30 | [Palm oil futures plunge](https://feedsoft.ai/events/11551-palm-oil-futures-plunge.md) | -10.2% | -3.6% |
| PALMOIL | 2020-03-13 | [Crude oil sell-offs see prices for palm oil decline \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/54237-crude-oil-sell-offs-see-prices-for-palm-oil-decline-analysis-and-features-the.md) | -2.8% | -3.9% |
| PALMOIL | 2020-04-28 | [Malaysian B20 Biodiesel Affected By Low Crude Oil Prices – MPOC](https://feedsoft.ai/events/53509-malaysian-b20-biodiesel-affected-by-low-crude-oil-prices-mpoc.md) | -9.4% | -4.5% |
| PALMOIL | 2020-02-28 | [Asian palm oil market drops 5.7% on coronavirus fears \| S&P Global](https://feedsoft.ai/events/5814-asian-palm-oil-market-drops-5-7-on-coronavirus-fears-s-and-p-global.md) | -4.9% | -14.0% |
| PALMOIL | 2022-07-01 | [Palm oil falls 4% on recession fears, higher supply outlook - Markets - Business Recorder](https://feedsoft.ai/events/6225-palm-oil-falls-4-on-recession-fears-higher-supply-outlook-markets-business.md) | -24.3% | -29.0% |
| SBO | 2020-03-10 | [Fear in the Market Drives Dow and Crude Oil Lower, Drags Ag Markets Along \| Hoosier Ag Today](https://feedsoft.ai/events/11271-fear-in-the-market-drives-dow-and-crude-oil-lower-drags-ag-markets-along.md) | -8.5% | -1.8% |
| SBO | 2020-02-28 | [Asian palm oil market drops 5.7% on coronavirus fears \| S&P Global](https://feedsoft.ai/events/5814-asian-palm-oil-market-drops-5-7-on-coronavirus-fears-s-and-p-global.md) | +0.9% | -8.1% |
| SBO | 2022-07-01 | [Palm oil falls 4% on recession fears, higher supply outlook - Markets - Business Recorder](https://feedsoft.ai/events/6225-palm-oil-falls-4-on-recession-fears-higher-supply-outlook-markets-business.md) | -7.8% | -10.0% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2020/02/25/crude-palm-oil-futures-hit-4-month-low-on-uncertain-market-sentiment/1840856

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