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Foreign investors are buying Malaysian assets as the ringgit has been one of the region's best performers this year and stocks have gained about 8 percent. The IMF raised Malaysia's 2017 growth forecast to 4.8 percent from 4.5 percent.
Stronger capital inflows and a firmer ringgit reduce the local currency cost of Malaysian palm oil exports, which can support palm oil prices. The effect on feed prices is indirect.
cnbc.comYen Nee LeeJul 25, 2017Not enough comparable past events yet for a historical read.
After 86 past neutral macro events, Palm Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +2.0%), and +1.0% 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.
