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Malaysian palm oil futures fell for a third day in four on expectations of higher output. The September contract closed down 0.2 percent at 2,442 ringgit per tonne, and Malaysian May production rose 6.9 percent month on month to 1.65 million tonnes.
Rising Malaysian output and expected supply growth push palm oil prices lower, and weaker palm prices can cap soybean oil and feed fat demand.
customstoday.mediaCT ReportJun 24, 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.
