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Malaysian palm oil futures opened up 2.01% at 4,269 ringgit per ton on Tuesday, snapping three sessions of losses. Support came from firmer crude and Chicago soyoil, plus a weaker ringgit, after Monday's drop to a low since January 24.
Stronger crude improves palm's biodiesel attractiveness and a weaker ringgit makes palm cheaper for foreign buyers, supporting prices in the near term.
tradingview.comApr 8, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
