
Malaysian palm oil futures for August delivery fell 5.7% to 3,454 ringgit a tonne in early trade, hitting their lowest in more than four months. CBOT soybean and soyoil prices each fell more than 2% on reports that the US may reduce biodiesel production.
Palm has now declined for six straight sessions.
A possible cut in US biodiesel production would reduce demand for soyoil, a major competitor to palm in biofuel use. This weakens the price outlook for palm and soyoil.
Setelah 400 peristiwa kebijakan bearish sebelumnya, Minyak Sawit bergerak median -0,0% selama 5 sesi (49% lebih tinggi; separuh tengah -1,3% sampai +1,1%), dan +0,2% selama 20 sesi.
Setelah 351 peristiwa kebijakan bearish sebelumnya, Minyak Kedelai bergerak median -0,0% selama 5 sesi (49% lebih tinggi; separuh tengah -1,7% sampai +1,8%), dan -0,2% selama 20 sesi.
Setelah 369 peristiwa kebijakan bearish sebelumnya, Kedelai bergerak median -0,2% selama 5 sesi (46% lebih tinggi; separuh tengah -1,7% sampai +1,8%), dan +0,8% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Early June 14 trade saw palm down 5.7% as CBOT soyoil fell on reports the US may cut biodiesel production, reducing vegetable oil demand and feeding sentiment.
Soyoil fell over 2% on reports the US may reduce biodiesel production, with palm falling in sympathy and reinforcing the downward pressure.
On June 14 palm extended a six-session losing streak on cheaper US soyoil and reports the US may cut biodiesel, confirming the biofuel-policy-driven selloff (just after the window).