# Palm drops over 3% on higher stockpile estimates, weaker rival oils

> Malaysian palm oil futures fell more than 3% on Friday and were set for a weekly drop, weighed down by sharp losses in rival oils. Analysts expected Malaysian end-October stocks to rise about 3.5% month-on-month to 1.81 million tonnes on lower exports. Dalian soyoil and palm oil contracts also declined.

- Date: 2021-11-05 · published 2021-11-05T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/9232-palm-drops-over-3-on-higher-stockpile-estimates-weaker-rival-oils
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher expected inventories and weaker soyoil reduce near-term demand pressure on the vegetable oil complex, pointing to lower palm and soyoil prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2021-11-05 | 1 | -3.5% | -3.7 | Same-day report attributes the over 3% drop to expected rise in Malaysian end-October stocks on weaker exports and sharp losses in rival soyoil and palm contracts, which directly explains the move. |
| PALMOIL | 2021-11-04 | 1 | -3.5% | -3.8 | Reports a >3% palm futures drop on higher expected Malaysian end-October stocks and weaker rival oils, matching the size and mechanism of the move, though dated Nov 5, one day after the window ends. |

## Sources

- mettisglobal.news: https://mettisglobal.news/Palm-drops-over-3-on-higher-stockpile-estimates-weaker-rival-oils

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.