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Malaysian palm oil futures reached their highest level in nearly five months, gaining 0.9% to 2,283 ringgit a tonne. The rise followed a weaker ringgit and gains in US soyoil on the Chicago Board of Trade.
A weaker ringgit and firmer soyoil make palm oil cheaper for foreign buyers and lift its price in the vegetable oil complex.
thefreelibrary.comFeb 3, 2019Not 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.
Palm futures hit a near five-month high on a weaker ringgit and stronger CBOT soyoil, which are direct currency and cross-market drivers close to the 5-day window.
