USD Malaysian Crude Palm Oil futures* settled at $877.25 per metric ton at the end of December 2020, creating a $81.50 price movement from the beginning of the month.
During the month, 20-day rolling volatility ranged from 21.7% to 26.7%, with an average of 24.2%.
Bean Oil – Palm Oil (BOPO)** price increased from $28.78 per ton at the beginning of the month to $78.01 per ton at the end of the month. The monthly movement was $49.23.
Palm Oil – Gasoil (POGO)*** increased from $409.50 per ton at the beginning of the month to $456.50 per ton at the end of the month. The monthly movement was $47.00.
* 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-january-2021/
By: CME Group