
Malaysian palm oil futures fell more than 1% to close to a 25-week low, extending losses for a fourth session. The January contract on Bursa Malaysia slid 56 ringgit to 4,440 ringgit per tonne, pressured by lower rival edible oil prices and weaker crude.
Weaker crude reduces palm's appeal as a biodiesel feedstock and rival vegetable oils are dragging prices lower. Feed buyers can expect softer vegetable oil input costs 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.