Malaysian palm oil futures fell more than 1%, extending losses for a third consecutive session, as weaker soybean oil prices and bearish supply-and-demand data weighed on the market. Inventories were reported at an eight-month high in August, while September 1–10 export estimates were down 11.7%–17.5% from the previous month.
Higher crude oil prices offered some support by improving palm oil’s attractiveness as biodiesel feedstock.
Rising stocks, higher output and sluggish exports point to looser Malaysian palm oil availability, pressuring prices. Higher crude prices may partially offset that pressure by supporting biodiesel demand.
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.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% 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.