# October brings unusual divergence in price performance for ags' industrial members - Grain Price News

> 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.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8073-october-brings-unusual-divergence-in-price-performance-for-ags-industrial
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Energy-linked vegetable oil strength and falling Indonesian palm stocks point to firmer oilseed-based values, while cotton weakness reflects softer economic sentiment.

## Read by commodity

- CSM: bearish ▼
- SBO: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/11/01/october-brings-unusual-divergence-in-price-performance-for-ags-industrial-members/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.