
Malaysian palm oil futures edged up 0.17% to 4,222 ringgit a ton on Feb 4, tracking gains in Dalian vegetable oils after two sessions of declines. A Reuters survey showed Malaysian end-January stocks were expected to fall, ending a 10-month rise, as exports jumped.
India's January palm oil imports rose 51% to a four-month high as refiners bought at a discount to soyoil.
Expected stock declines and strong Indian buying tighten the near-term palm supply picture and support prices. Palm's discount to soyoil is pulling demand away from soyoil, which keeps the vegetable oil complex supported.
Na 149 eerdere opwaarts rapport-gebeurtenissen bewoog Palmolie zich mediaan +0,5% over 5 sessies (57% hoger; middelste helft -1,1% tot +1,8%), en +0,8% over 20.
Na 146 eerdere neerwaarts rapport-gebeurtenissen bewoog Sojaolie zich mediaan -0,0% over 5 sessies (49% hoger; middelste helft -1,8% tot +1,9%), en +0,4% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Palm tracked Dalian higher, with a Reuters survey showing Malaysian stocks falling for the first time in 10 months as exports jumped, which is a bullish supply/demand signal.