Malaysian palm oil futures fell to an eight-month low, with the January 2027 contract down about 9% over the week. Record Malaysian inventories, subdued exports, cheaper Indonesian supplies and lower crude prices weighed on the market and weakened expectations for biodiesel demand.
Large stocks and competing Indonesian exports add to available supply, while cheaper crude reduces the appeal of palm-based biodiesel. Together, these pressures are bearish for palm oil prices.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.