
Malaysian palm oil futures fell to mid-June lows on November 4, extending losses to a third session. The benchmark January contract slid 55 ringgit, or 1.21%, to 4,496 ringgit a metric ton.
Polls estimated Malaysian end-October stocks rose 6.8% from September's record to about 3.75 million tons, while Dalian palm olein and soyoil also weakened.
Record Malaysian stockpiles add to bearish supply pressure on vegetable oils, and weaker rival oils reduce palm's price support. Feed buyers can expect continued softness in palm-based fats and cheaper alternatives in the near term.
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.