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Vegetable oils such as palm and soyoil were the best performers in October, while cotton was the worst performer for a second month. Kuala Lumpur palm oil gained 18.7% and Brent crude rose 5.5% after OPEC+ cut output by 2 million barrels per day.
Palm was supported by falling Indonesian stocks and strong Indian imports.
Energy-linked vegetable oil strength and falling Indonesian palm stocks point to firmer oilseed-based values, while cotton weakness reflects softer economic sentiment.
grainpricenews.comMike VerdinNov 1, 2022Not 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.
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.
