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Mysteel reports that a sharp fall in international crude oil pulled down the edible oils complex. Malaysia's October palm oil exports rose 45.4%, but domestic commercial inventories in China are building and trade remains weak.
Palm oil is expected to trade in a range with a slightly weak bias.
Lower crude oil reduces the biodiesel appeal of palm and soy oils, which weighs on vegetable oil prices and the cost of oil-based feed ingredients. The outlook depends on whether Malaysian stocks peak in the MPOB report around November 10.
mysteel.netNov 3, 2026Not 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.
