Crude Palm Oil Futures End of Day Settlement Price

802.25
U.S. dollars and cents per metric ton
Contract Month: MAY23
As of: Friday, May 12, 2023
Source: CME - CME Group
Open:----
High:----
Low:----
Last:----
Change:+3.50
Estimated Volume:
Prior Day Open Interest:
Contract Specifications

Palm oil vs Soybean Oil - Price Rate of Change Comparison

Range
6m 1y 5y 10y 15y 20y 25y 30y
Correlation coefficient: 0.691706

Description: Monthly comparison between the rate of change in the price of Palm oil versus the rate of change in the price of Soybean Oil



Rate of ChangePrice Ratio

Source: ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank.

See also: Palm oil production statistics

See also: Top commodity suppliers

See also: Commodities glossary - Definitions of terms used in commodity trading

MonthPalm oil Price (US Dollars per Metric Ton)Soybean Oil Price (US Dollars per Metric Ton)Palm oil ROCSoybean Oil ROCPalm oil / Soybean Oil Price Ratio
Apr 2004575.05672.46--0.8551
May 2004537.17627.96-6.59%-6.62%0.8554
Jun 2004471.20581.74-12.28%-7.36%0.8100
Jul 2004454.77605.08-3.49%4.01%0.7516
Aug 2004458.14604.650.74%-0.07%0.7577
Sep 2004468.09601.602.17%-0.50%0.7781
Oct 2004451.26583.49-3.60%-3.01%0.7734
Nov 2004454.61561.190.74%-3.82%0.8101
Dec 2004446.20552.06-1.85%-1.63%0.8082
Jan 2005418.86519.98-6.13%-5.81%0.8055
Feb 2005422.63495.730.90%-4.66%0.8525
Mar 2005458.13543.698.40%9.67%0.8426
Apr 2005457.86545.88-0.06%0.40%0.8388
May 2005450.00537.98-1.72%-1.45%0.8365
Jun 2005451.70560.150.38%4.12%0.8064
Jul 2005454.52561.260.62%0.20%0.8098
Aug 2005448.48550.08-1.33%-1.99%0.8153
Sep 2005453.64545.161.15%-0.89%0.8321
Oct 2005467.50578.623.06%6.14%0.8080
Nov 2005466.70558.93-0.17%-3.40%0.8350
Dec 2005456.75537.66-2.13%-3.81%0.8495
Jan 2006459.05535.830.50%-0.34%0.8567
Feb 2006473.90533.273.23%-0.48%0.8887
Mar 2006472.52540.60-0.29%1.37%0.8741
Apr 2006475.90540.440.72%-0.03%0.8806
May 2006483.72588.291.64%8.85%0.8222
Jun 2006478.16600.55-1.15%2.08%0.7962
Jul 2006499.21630.014.40%4.91%0.7924
Aug 2006534.26632.187.02%0.34%0.8451
Sep 2006511.24602.35-4.31%-4.72%0.8487
Oct 2006514.18614.710.58%2.05%0.8365
Nov 2006571.57675.6711.16%9.92%0.8459
Dec 2006625.88698.129.50%3.32%0.8965
Jan 2007637.59697.331.87%-0.11%0.9143
Feb 2007645.20715.041.19%2.54%0.9023
Mar 2007660.93719.032.44%0.56%0.9192
Apr 2007743.45753.7012.49%4.82%0.9864
May 2007816.09788.709.77%4.64%1.0347
Jun 2007833.19835.552.10%5.94%0.9972
Jul 2007854.52887.122.56%6.17%0.9633
Aug 2007830.65921.79-2.79%3.91%0.9011
Sep 2007851.63977.482.53%6.04%0.8713
Oct 2007926.201,007.698.76%3.09%0.9191
Nov 2007998.571,141.527.81%13.28%0.8748
Dec 20071,002.221,187.730.37%4.05%0.8438
Jan 20081,122.151,280.2011.97%7.79%0.8765
Feb 20081,268.631,414.1713.05%10.46%0.8971
Mar 20081,377.221,488.748.56%5.27%0.9251
Apr 20081,320.111,422.23-4.15%-4.47%0.9282
May 20081,326.451,437.870.48%1.10%0.9225
Jun 20081,293.211,535.16-2.51%6.77%0.8424
Jul 20081,213.481,506.98-6.17%-1.84%0.8052
Aug 2008963.571,329.64-20.59%-11.77%0.7247
Sep 2008826.021,201.02-14.28%-9.67%0.6878
Oct 2008635.75942.53-23.03%-21.52%0.6745
Nov 2008581.25825.64-8.57%-12.40%0.7040
Dec 2008587.24745.551.03%-9.70%0.7877
Jan 2009658.55789.8912.14%5.95%0.8337
Feb 2009655.66747.64-0.44%-5.35%0.8770
Mar 2009660.48730.710.74%-2.26%0.9039
Apr 2009799.70809.0821.08%10.73%0.9884
May 2009872.61889.629.12%9.95%0.9809
Jun 2009788.57892.92-9.63%0.37%0.8831
Jul 2009698.48846.30-11.42%-5.22%0.8253
Aug 2009746.05903.156.81%6.72%0.8261
Sep 2009703.85858.18-5.66%-4.98%0.8202
Oct 2009724.66897.002.96%4.52%0.8079
Nov 2009763.33932.385.34%3.94%0.8187
Dec 2009821.81939.917.66%0.81%0.8743
Jan 2010830.88920.551.10%-2.06%0.9026
Feb 2010830.00909.19-0.11%-1.23%0.9129
Mar 2010862.83911.073.96%0.21%0.9471
Apr 2010862.71902.83-0.01%-0.90%0.9556
May 2010855.31859.49-0.86%-4.80%0.9951
Jun 2010825.68860.28-3.46%0.09%0.9598
Jul 2010844.43910.822.27%5.87%0.9271
Aug 2010943.73997.6211.76%9.53%0.9460
Sep 2010948.881,035.260.55%3.77%0.9166
Oct 20101,025.831,146.758.11%10.77%0.8946
Nov 20101,131.361,231.6910.29%7.41%0.9185
Dec 20101,234.641,324.729.13%7.55%0.9320
Jan 20111,303.571,365.735.58%3.10%0.9545
Feb 20111,327.211,359.861.81%-0.43%0.9760
Mar 20111,241.741,306.53-6.44%-3.92%0.9504
Apr 20111,219.611,310.45-1.78%0.30%0.9307
May 20111,230.121,296.030.86%-1.10%0.9491
Jun 20111,192.381,319.38-3.07%1.80%0.9037
Jul 20111,183.451,337.36-0.75%1.36%0.8849
Aug 20111,205.481,328.391.86%-0.67%0.9075
Sep 20111,137.251,307.85-5.66%-1.55%0.8696
Oct 20111,044.751,223.10-8.13%-6.48%0.8542
Nov 20111,113.381,213.966.57%-0.75%0.9171
Dec 20111,121.501,203.280.73%-0.88%0.9320
Jan 20121,123.501,216.280.18%1.08%0.9237
Feb 20121,146.251,249.122.02%2.70%0.9176
Mar 20121,195.341,285.384.28%2.90%0.9300
Apr 20121,233.611,308.893.20%1.83%0.9425
May 20121,125.001,220.55-8.80%-6.75%0.9217
Jun 20121,027.741,181.93-8.65%-3.16%0.8695
Jul 20121,052.841,239.492.44%4.87%0.8494
Aug 20121,022.381,250.27-2.89%0.87%0.8177
Sep 20121,001.381,280.95-2.05%2.45%0.7817
Oct 2012886.001,177.95-11.52%-8.04%0.7522
Nov 2012863.181,137.78-2.58%-3.41%0.7587
Dec 2012843.551,158.64-2.27%1.83%0.7281
Jan 2013884.521,192.354.86%2.91%0.7418
Feb 2013919.581,173.483.96%-1.58%0.7836
Mar 2013891.501,117.43-3.05%-4.78%0.7978
Apr 2013874.171,094.52-1.94%-2.05%0.7987
May 2013879.471,073.200.61%-1.95%0.8195
Jun 2013876.881,037.75-0.29%-3.30%0.8450
Jul 2013827.09990.31-5.68%-4.57%0.8352
Aug 2013819.29994.65-0.94%0.44%0.8237
Sep 2013826.251,019.720.85%2.52%0.8103
Oct 2013859.66990.964.04%-2.82%0.8675
Nov 2013904.05989.835.16%-0.11%0.9133
Dec 2013886.25990.52-1.97%0.07%0.8947
Jan 2014862.63942.10-2.67%-4.89%0.9156
Feb 2014904.34970.964.84%3.06%0.9314
Mar 2014953.81996.675.47%2.65%0.9570
Apr 2014926.631,001.69-2.85%0.50%0.9251
May 2014898.42961.81-3.04%-3.98%0.9341
Jun 2014861.88925.82-4.07%-3.74%0.9309
Jul 2014853.69897.43-0.95%-3.07%0.9513
Aug 2014778.69861.77-8.79%-3.97%0.9036
Sep 2014760.75839.82-2.30%-2.55%0.9058
Oct 2014764.40833.030.48%-0.81%0.9176
Nov 2014764.75825.980.05%-0.85%0.9259
Dec 2014719.64814.55-5.90%-1.38%0.8835
Jan 2015719.64796.580.00%-2.21%0.9034
Feb 2015723.04762.610.47%-4.26%0.9481
Mar 2015698.86749.93-3.34%-1.66%0.9319
Apr 2015682.75747.74-2.31%-0.29%0.9131
May 2015697.35785.132.14%5.00%0.8882
Jun 2015705.91788.211.23%0.39%0.8956
Jul 2015680.00752.32-3.67%-4.55%0.9039
Aug 2015601.38728.33-11.56%-3.19%0.8257
Sep 2015599.50720.40-0.31%-1.09%0.8322
Oct 2015636.67743.306.20%3.18%0.8565
Nov 2015608.21727.34-4.47%-2.15%0.8362
Dec 2015607.38765.70-0.14%5.27%0.7932
Jan 2016611.63736.030.70%-3.87%0.8310
Feb 2016679.17767.2411.04%4.24%0.8852
Mar 2016715.95765.615.42%-0.21%0.9351
Apr 2016775.00794.138.25%3.73%0.9759
May 2016753.42795.64-2.78%0.19%0.9469
Jun 2016718.18799.91-4.68%0.54%0.8978
Jul 2016678.16796.67-5.57%-0.41%0.8512
Aug 2016771.02824.4213.69%3.48%0.9352
Sep 2016797.85837.213.48%1.55%0.9530
Oct 2016749.75861.26-6.03%2.87%0.8705
Nov 2016766.93885.112.29%2.77%0.8665
Dec 2016811.38916.705.80%3.57%0.8851
Jan 2017825.00876.851.68%-4.35%0.9409
Feb 2017808.61839.60-1.99%-4.25%0.9631
Mar 2017778.70814.94-3.70%-2.94%0.9555
Apr 2017752.06794.04-3.42%-2.56%0.9471
May 2017762.75825.061.42%3.91%0.9245
Jun 2017735.14832.95-3.62%0.96%0.8826
Jul 2017720.48835.60-1.99%0.32%0.8622
Aug 2017717.95861.72-0.35%3.13%0.8332
Sep 2017755.28889.445.20%3.22%0.8492
Oct 2017746.79880.60-1.12%-0.99%0.8480
Nov 2017728.86886.77-2.40%0.70%0.8219
Dec 2017679.17867.19-6.82%-2.21%0.7832
Jan 2018703.45870.503.57%0.38%0.8081
Feb 2018709.44843.560.85%-3.09%0.8410
Mar 2018706.19836.68-0.46%-0.82%0.8440
Apr 2018701.18831.85-0.71%-0.58%0.8429
May 2018687.29793.25-1.98%-4.64%0.8664
Jun 2018656.50788.57-4.48%-0.59%0.8325
Jul 2018616.14780.45-6.15%-1.03%0.7895
Aug 2018614.10761.82-0.33%-2.39%0.8061
Sep 2018605.15754.05-1.46%-1.02%0.8025
Oct 2018590.32752.37-2.45%-0.22%0.7846
Nov 2018539.10729.22-8.68%-3.08%0.7393
Dec 2018535.02727.88-0.76%-0.18%0.7350
Jan 2019584.58747.799.26%2.74%0.7817
Feb 2019602.97772.823.15%3.35%0.7802
Mar 2019573.02750.33-4.97%-2.91%0.7637
Apr 2019588.45733.772.69%-2.21%0.8020
May 2019563.20742.53-4.29%1.19%0.7585
Jun 2019552.19742.89-1.95%0.05%0.7433
Jul 2019543.88748.17-1.50%0.71%0.7269
Aug 2019586.12793.217.77%6.02%0.7389
Sep 2019580.30779.25-0.99%-1.76%0.7447
Oct 2019591.35770.801.90%-1.08%0.7672
Nov 2019683.38774.9115.56%0.53%0.8819
Dec 2019769.93820.5912.66%5.89%0.9383
Jan 2020834.85873.668.43%6.47%0.9556
Feb 2020728.81800.41-12.70%-8.38%0.9105
Mar 2020636.25747.80-12.70%-6.57%0.8508
Apr 2020608.88679.98-4.30%-9.07%0.8954
May 2020576.56684.78-5.31%0.71%0.8420
Jun 2020656.49755.7113.86%10.36%0.8687
Jul 2020694.16821.115.74%8.65%0.8454
Aug 2020760.30866.949.53%5.58%0.8770
Sep 2020796.22905.864.72%4.49%0.8790
Oct 2020819.27914.772.89%0.98%0.8956
Nov 2020917.81973.8812.03%6.46%0.9424
Dec 20201,016.371,026.2010.74%5.37%0.9904
Jan 2021990.271,098.67-2.57%7.06%0.9013
Feb 20211,019.861,123.502.99%2.26%0.9078
Mar 20211,030.481,284.811.04%14.36%0.8020
Apr 20211,078.051,386.354.62%7.90%0.7776
May 20211,136.461,574.675.42%13.58%0.7217
Jun 20211,004.421,518.16-11.62%-3.59%0.6616
Jul 20211,062.991,468.345.83%-3.28%0.7239
Aug 20211,141.821,433.947.42%-2.34%0.7963
Sep 20211,181.381,398.753.46%-2.45%0.8446
Oct 20211,310.251,483.5210.91%6.06%0.8832
Nov 20211,340.651,442.962.32%-2.73%0.9291
Dec 20211,270.291,411.21-5.25%-2.20%0.9001
Jan 20221,344.791,469.565.86%4.13%0.9151
Feb 20221,522.361,595.7413.20%8.59%0.9540
Mar 20221,776.961,956.8816.72%22.63%0.9081
Apr 20221,682.741,947.51-5.30%-0.48%0.8640
May 20221,716.921,962.882.03%0.79%0.8747
Jun 20221,501.101,751.76-12.57%-10.76%0.8569
Jul 20221,056.641,533.40-29.61%-12.47%0.6891
Aug 20221,025.951,598.78-2.90%4.26%0.6417
Sep 2022909.321,548.32-11.37%-3.16%0.5873
Oct 2022888.991,575.90-2.24%1.78%0.5641
Nov 2022945.741,651.606.38%4.80%0.5726
Dec 2022940.391,409.24-0.57%-14.67%0.6673
Jan 2023941.971,351.770.17%-4.08%0.6968
Feb 2023949.981,243.010.85%-8.05%0.7643
Mar 2023972.061,113.192.32%-10.44%0.8732
Apr 20231,005.241,029.973.41%-7.48%0.9760
May 2023934.06988.32-7.08%-4.04%0.9451
Jun 2023816.971,007.12-12.54%1.90%0.8112
Jul 2023878.501,135.747.53%12.77%0.7735
Aug 2023860.821,126.53-2.01%-0.81%0.7641
Sep 2023829.601,111.63-3.63%-1.32%0.7463
Oct 2023804.261,133.87-3.05%2.00%0.7093
Nov 2023830.471,118.393.26%-1.37%0.7426
Dec 2023813.511,062.48-2.04%-5.00%0.7657
Jan 2024844.90971.463.86%-8.57%0.8697
Feb 2024856.93911.901.42%-6.13%0.9397

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