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Analysts cut their crude palm oil price forecasts by 250 ringgit after Malaysian production rose 27% in October to a record 1.99 million tons. Palm oil stocks climbed 25% to a 10-month high of 1.98 million tons at the end of October, and analysts expect stocks could reach 2.1 million tons by year-end.
Ample palm oil supply and rising stocks point to weaker prices relative to Brent crude over the next two to three months. Lower palm oil prices make it a cheaper substitute in feed and biodiesel markets.
mysheen.comNov 3, 2026After 96 past bearish report events, PALMOIL moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% 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.
