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Malaysian palm oil futures extended gains to near MYR 4,450 per tonne, helped by a weaker ringgit and firmer Dalian rival oils. October stocks rose to a record 3.62 million tons but came in below market estimates, while cargo surveyors reported early-November shipments down 1.9-2.3% from October.
A smaller-than-expected stock build and seasonal output declines support prices, while softer early-November shipments limit the rally. Palm oil prices are likely to stay firm in the near term.
squawknews.comSquawkNews DeskNov 12, 2026Not 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.
