
Malaysian crude palm oil futures were expected to trade cautiously ahead of the MPOB’s October supply-and-demand report, due November 10. Traders anticipated higher inventories, with a Reuters poll forecasting Malaysian end-stocks up 6.8% to 3.75 million tonnes and production up 3.8% to 2.20 million tonnes; exports were forecast to rise 42.8% to 1.60 million tonnes.
Expected stock and production increases could weigh on palm oil prices, although stronger projected exports may offset some of the pressure. Buyers and sellers are likely to watch the MPOB figures for confirmation of the supply outlook.
After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
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.