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Malaysian palm oil futures fell to a 10-week low on Monday, closing down 3.37% at 4,182 ringgit per ton after China announced 34% retaliatory tariffs on US goods. Soyoil and crude oil also declined sharply, with Dalian and Chicago soyoil both lower.
Trade-war fears and weaker crude reduce palm's biodiesel appeal and edible oil demand, pressuring vegetable oil and meal-complex prices.
brecorder.comReutersApr 8, 2025After 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.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 80 past bearish trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% over 20.
After 56 past bearish trade events, Crude Oil (Brent) moved a median -5.6% over 5 sessions (20% higher; middle half -9.0% to -1.7%), and -4.5% 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.
Directly describes Malaysian palm futures closing down 3.37% on April 7 to a 10-week low as China's 34% retaliatory tariffs hit soyoil and crude.
