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Palm oil fell almost 2% in morning trade as rival vegetable oils and crude oil weakened. The S&P GSCI Soybean Oil Index was down 1.53% on the day.
Palm also hit a one-month low the previous day on stockpile concerns.
Softer crude and soyoil reduce the cost-based and substitution support for palm oil. Continued weakness would lower prices for vegetable oil feed ingredients.
hk.marketscreener.comReutersNov 4, 2026Not enough comparable past events yet for a historical read.
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.
