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Malaysian palm oil futures for January delivery fell 2.03% to 4,288 ringgit per tonne on Friday. The decline followed weaker soybean oil prices, with soybean oil futures also down in Dalian and Chicago.
Soybean oil weakness can reduce palm oil’s competitiveness and pull down prices for competing vegetable oils. The move is bearish for palm oil and soybean oil in the near term.
idxchannel.comTIM RISET IDX CHANNELNov 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.
