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Malaysian palm oil futures (FCPO) rose 0.23% to 2,152 ringgit on Friday, ending four losing sessions. Trading volume rose 30% week on week, and October exports fell about 13% per AmSpec and SGS data.
Soybeans on CBOT rallied more than 5% after a Trump-Xi call raised hopes of a US-China trade deal.
Palm oil is near multi-year lows and the falling export data points to tightening exports. The soybean rally on trade hopes is a supportive signal for vegetable oil and meal values.
theborneopost.comeditoronNov 3, 2018Not enough comparable past events yet for a historical read.
Not 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.
