Even the lack of horse palm disk guidance, why did palm oil plunge today?

Gold Ten Futures Special New Lake Futures Comments: Due to the Hazhi Festival, the BMD wool palm market is closed today, and even palm lacks horse palm market guidance. Today, it fell sharply following the general trend of commodities, and P2409 fell by nearly 3% during the session. The short-term international oil and fat fundamentals are bullish and lack, which is also an important reason for the decline in oil meal. Although the growth rate of horse palm inventories slowed down significantly in May, the export data in the first half of June was poor. It is not clear whether the growth rate of horse palm inventories in June is still slow. The seasonal increase in production of palm oil in the medium term will be more obvious, and the speed of inventory recovery is the key. North American oil seeding has now ended or is about to end. Due to the heavy rainfall during the seeding period, new crops are growing well. The North American oil weather market will open, but there is no drought expectation yet. Pay attention to the new planting area and later weather changes. In addition, domestic oil and fat have always been neutral in supply and demand, weak in basis, and lack of bullish driving. Overall, before the clear emergence of drought in North America, oil and fat have no upward trend conditions for the time being, and are expected to follow the general trend of domestic commodities.