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All Indonesian KPBN crude palm oil tenders on November 5 ended in withdrawal, with the highest bid at IDR 14,548/kg for Franco Dumai, below the opening price. Malaysian January 2027 palm oil futures fell RM119 to RM4,377 per tonne, amid weaker Chicago soybean oil prices.
Withdrawn tenders indicate limited buyer acceptance at offered levels, while falling soybean oil prices add competitive pressure on palm oil. Both factors point to near-term downside pressure on palm oil prices.
palmoilmagazine.comPalmoilmagazineNov 6, 2026Not 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.
