Overnight palm oil futures rose 0.76% to 8,990 yuan/t, leading gains, while rapeseed oil rose 0.65% and soybean oil slipped 0.08%. Malaysia's Nov 1-10 palm output fell 26.05% and yield dropped 24.52%, and exports rose 8-12% month on month according to cargo surveyors.
Malaysian October palm stocks are at a 3.62 million t high, and China's soybean oil commercial stocks sit above 1.5 million t.
Seasonal Malaysian output cuts and rising exports tighten palm supply, but record stocks limit the rally. Soybean oil faces pressure from loose supply, and the El Niño crop cut and biodiesel policy remain medium-term supports.
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.
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.