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January Brent crude fell 9.5% over the week to $103.6 a barrel after reports that the US is ready for talks with Iran. January palm oil futures on Bursa Malaysia dropped 3.3% to 4,551 ringgit a tonne, and December soyoil on CBOT fell 2.2%.
European countries, including the Netherlands, Italy and Spain, cut palm oil imports ahead of full EUDR implementation.
Weaker crude reduces the biofuel appeal of vegetable oils, and rising palm stocks and lower EU import demand add downward pressure on palm and soyoil prices.
graintrade.com.uaNov 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.
