
A Reuters survey of analysts projects Malaysian palm oil stocks fell about 5% in April to 2.77 million tonnes, the lowest since October and a second straight monthly decline. Exports edged up while production eased 1.9% from March to around 1.64 million tonnes.
Tighter Malaysian palm stockpiles reduce near-term supply pressure and could support benchmark palm oil prices, which are down nearly 5% this year.
After 149 past bullish report events, PALMOIL moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.