USD Malaysian Crude Palm Oil futures* settled at $712.25 per metric ton at the end of October 2020, creating a $53.50 price movement from the beginning of the month.
During the month, 20-day rolling volatility ranged from 29.1% to 38.8%, with an average of 35.3%.
Bean Oil – Palm Oil (BOPO)** price decreased from $61.06 per ton at the beginning of the month to $28.72 per ton at the end of the month. The monthly movement was -$32.34.
Palm Oil – Gasoil (POGO)*** increased from $341.75 per ton at the beginning of the month, to $407.25 per ton at the end of the month. The monthly movement was $65.50.
* 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-november-2020/
By: CME Group