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Malaysian palm oil futures fell to their lowest in more than five months on Monday after U.S. President Donald Trump threatened higher tariffs on Chinese imports. The July contract on Bursa Malaysia closed down 1.3% at 1,984 ringgit a tonne, its seventh straight session of losses.
Renewed US-China tariff threats raise the risk to global vegetable oil demand and trade deals, pressuring palm oil and related edible oil prices lower.
thestar.com.myThe Star OnlineMay 6, 2019After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.
On 2019-05-06 renewed Sino-US tariff threats pushed futures to a 5-month low with a seventh straight loss, which hit demand and risk sentiment on the final day of the window.
