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Malaysian palm oil for January delivery gained 0.16% to close at 4,447 ringgit ($1,091) per tonne. Gains came from higher soybean oil prices on Dalian and the CBOT, while lower crude oil prices, ample stocks and profit-taking limited the rise.
Competing edible oil strength supports palm prices, but ample Malaysian stocks and weaker crude, which reduces palm's biodiesel appeal, cap the upside.
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.