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Malaysian palm oil futures fell to a two-week low, down 1.2% to 2,737 ringgit per tonne for December delivery, after weaker Chicago soyoil and profit-taking ahead of a long weekend holiday. Traders said sentiment was weak as production showed some improvement.
Routine daily move driven by soyoil and holiday trading rather than a new supply or demand shock. Pressure from improving output keeps palm prices soft.
dawn.comReutersSep 22, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
