🌴 Palm Oil (Malaysia)
Malaysia’s palm oil inventories climbed for the sixth straight month, reaching 2.17 million tons in August—the highest since December 2023 A.
- Production surged, sustaining the seasonal high cycle that typically peaks in October.
- While rising supply may pressure prices, strong demand from India and biodiesel consumption in Indonesia offer support.
- Futures in Kuala Lumpur remain resilient, recently closing at 4,245 ringgit/ton A.
🌱 Soybeans (U.S.)
November soybean futures dipped to $10.27, reflecting weak export sentiment B.
- China’s absence from recent USDA sales reports continues to weigh on the market.
- Dry weather and cooler temperatures raise concerns ahead of Monday’s crop condition update.
- The USDA’s latest forecast trims U.S. soybean production to 4.3 billion bushels, with exports projected at 1.7 billion bushels C.
📌 Traders and analysts are watching closely as supply dynamics shift and export trends evolve. Stay tuned for the USDA’s upcoming crop production report and Malaysia’s official palm oil data release.
