Malaysian palm oil futures fell for a fourth consecutive day, reaching a near two-week low as technical selling and profit-taking pressured prices. Traders awaited the Malaysian Palm Oil Board’s October production, stock and export data; a Reuters poll forecast stocks rising 2.2% to 1.82 million tonnes, with monsoon rains limiting production growth.
A modest inventory increase could weigh on palm oil prices, while rain-limited output and a smaller-than-expected stock build would constrain supply and offer support. The immediate price move was driven mainly by technical selling ahead of the report.
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.