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MDEX palm oil futures traded slightly softer around MYR 4,600-4,800 per tonne on 3 November 2026, with the January 2027 contract at MYR 4,648. Record Malaysian stocks and cautious import demand capped rallies, while firm energy prices and biodiesel demand limited downside.
Record inventories weigh on prices, but firm crude and biodiesel demand keep a floor under palm oil, leaving the market range-bound with El Niño risks as the main upside factor.
commodity-board.comCMB NewsNov 3, 2026Not 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.
