
Malaysian palm oil futures climbed to their highest since February 2011, with the March contract up 3.44% to 3,724 ringgit a tonne. The rise followed a strike by grain inspectors in Argentina and dry weather in South America that lifted soyoil.
Floods in Indonesia and Malaysia were also flagged as a possible supply risk.
Argentine disruption and South American dryness tighten soyoil and soybean supply, and palm oil follows as a substitute, raising vegetable oil and feed fat prices.
Na 181 eerdere opwaarts weer-gebeurtenissen bewoog Palmolie zich mediaan +0,5% over 5 sessies (56% hoger; middelste helft -0,9% tot +1,9%), en +0,3% over 20.
Na 184 eerdere opwaarts weer-gebeurtenissen bewoog Sojaolie zich mediaan +0,3% over 5 sessies (53% hoger; middelste helft -1,9% tot +2,4%), en -0,5% 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.
Reports the 3.44% Jan 4 gain, driven by soyoil strength from the Argentine inspector strike and South American dryness, plus flood-related supply risk in Malaysia and Indonesia.
Futures jumped 3.44% on Jan 4 as the Argentine inspector strike and South American dryness lifted soyoil and flood risk added supply concern.