USD Malaysian Crude Palm Oil futures* settled at $804.25 per metric ton at the end of November 2020, creating a $113.75 price movement from the beginning of the month.
During the month, 20-day rolling volatility ranged from 26.6% to 33.1%, with an average of 30.0%.
Bean Oil – Palm Oil (BOPO)** price decreased from $41.21 per ton in the beginning of the month, to $30.86 per ton at the end of the month. The monthly movement was -$10.35.
Palm Oil – Gasoil (POGO)*** increased from $383.25 per ton in the beginning of the month, to $417.25 per ton at the end of the month. The monthly movement was $34.00.
* Based on USD Malaysian Crude Palm Oil Futures first nearby contract month that is not in the monthly averaging period. Contract month rolls at the beginning of each month.
** Defined as the differential of settlement price between CBOT Soybean Oil Futures converted into USD/MT and USD Malaysian Crude Palm Oil Futures.
*** Defined as the differential of settlement price between USD Malaysian Crude Palm Oil Futures and European Low Sulphur Gasoil Futures.
Read original article: https://cattlemensharrison.com/palm-oil-monthly-update-%e2%80%92-december-2020/
By: CME Group