Chinese palm oil, soybean oil and rapeseed oil futures all fell in the previous session, with palm oil down 1.29%, soybean oil down 0.61% and rapeseed oil down 2.59%. The report cited high domestic stocks and weak spot demand as pressures on soybean oil and palm oil, while low stocks and low operating rates supported rapeseed oil; it also reported Malaysian palm oil production rose 5.53% month on month in October.
High stocks and weak demand weigh on near-term Chinese vegetable-oil prices, while low rapeseed oil stocks offer relative support. Higher Malaysian production adds supply pressure for palm oil, though seasonal production declines may provide some offset.
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.