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Moody's raised its 2022 crude palm oil price sensitivity range to RM2,800-RM3,200 per tonne from RM2,200-RM2,600. The agency cited supply disruptions, low Malaysian and Indonesian inventories, and strong competing oil prices.
Expectations of tight supply and elevated prices through 2022 support palm and soyoil values, which raises the cost of vegetable oil inputs for feed.
themalaysianreserve.comZukriNov 2, 2021After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.
