Malaysian palm oil futures fell 1.09% after three sessions of gains, with concern about China's growth and weakness across commodity markets weighing on prices. Lower crude and soybean oil futures contributed to the decline; a weaker ringgit offered some support.
Weaker demand expectations in China and declines in competing oils and crude weighed on palm oil prices, while a softer ringgit partially cushioned the fall. The article also reports losses in soybean oil futures, reflecting broad vegetable-oil weakness.
After 51 past bearish macro events, Palm Oil moved a median -1.3% over 5 sessions (35% higher; middle half -4.1% to +1.1%), and -1.8% over 20.
After 40 past bearish macro events, Soybean Oil moved a median -0.8% over 5 sessions (45% higher; middle half -4.5% to +1.7%), and -1.5% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
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.