Malaysian palm oil futures rebounded after four straight sessions of losses, supported by stronger crude oil and firmer Chicago soybean oil and Dalian palm olein. The January contract on Bursa Malaysia moved back into the MYR 4,600 to 4,700 per tonne range.
Large domestic inventories and cautious buying by key importers limited gains.
Higher crude improves the economics of palm-based biodiesel and supports palm prices, but elevated Malaysian stocks and hesitant importer demand cap upside. Palm oil competes with soyoil and other vegetable oils for feed and food demand.
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.