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Palm oil prices fell about 9% over the week to November 6, with Malaysian inventories at record levels, cheaper Indonesian exports, and weaker crude oil weighing on the market. Soybean oil and Canadian canola prices also declined, while palm oil recorded its steepest weekly loss in nearly two years.
Record inventories and lower-priced Indonesian exports increase available supply and intensify competition, while weaker crude oil reduces biodiesel demand. These pressures weigh on palm oil prices and lower procurement costs for buyers.
commodity-board.comNov 9, 2026After 51 past bearish macro events, Palm Oil moved a median -1.3% over 5 sessions (35% higher; middle half -4.1% to +1.1%), and -1.8% over 20.
After 40 past bearish macro events, Soybean Oil moved a median -0.8% over 5 sessions (45% higher; middle half -4.5% to +1.7%), and -1.5% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
