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Vegetable oil prices kept rising in February at a slower pace than January, led by soyoil on downward crop forecasts for Brazil and Argentina. Indonesian export volumes are constrained by the Domestic Market Obligation, and sunflower oil is trading at an unusual discount to other oils.
Indonesian export limits and South American crop cuts support palm and soy oil prices, while cheap sunoil may draw demand away from them.
lipsa.esFeb 22, 2022After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.
