
Malaysian palm oil futures rose 3.55% on November 11, ending a six-session decline. Prices were supported by stronger soybean oil markets and Malaysian October stocks increasing by less than traders expected, although inventories reached a record and early-November exports declined from the prior month.
Stronger competing-oil prices lend support to palm oil, while record stocks and weaker exports point to ample supply and cap upside. The smaller-than-expected stock increase helped drive the day’s rebound.
Not enough comparable past events yet for a historical read.
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.