SINGAPORE, Jan 28, 2026, 15:35 SGT — Regular session
- Wilmar shares dropped 2.6% to S$3.41, retreating following a two-day gain
- The stock reached S$3.50, tying its 52-week peak, then pulled back
- Investors are eyeing commodity swings ahead of Wilmar’s full-year results due Feb. 26
Shares of Singapore-listed Wilmar International Limited dropped 2.6% to S$3.41 on Wednesday, pulling back from a 52-week peak of S$3.50 reached earlier. The stock had climbed 3.4% and 4.5% in the previous two sessions. Trading ranged between S$3.39 and S$3.50. 1
The pullback arrives as investors await Wilmar’s upcoming update. The company confirmed its full-year financial results will be released after market close on Feb. 26. 2
Wilmar operates at the heart of edible oil and oilseed supply chains, where even minor price changes can impact processing margins. According to Morningstar, the company generates the largest portion of its revenue from China. 3
Crude prices edged higher Wednesday, buoyed by a winter storm that disrupted U.S. production and exports. Rising tensions in the Middle East also lent support. Toshitaka Tazawa, an analyst at Fujitomi Securities, pointed to supply losses in Kazakhstan as another factor propping up prices but cautioned that selling pressure could return once fears over supply ease. OPEC+ is scheduled to meet on Feb. 1. 4
Reuters reported that private Chinese processors are snapping up Brazilian soybeans for February delivery as Brazil’s harvest boosts supply and pushes prices down. Dan Wang, China director at Eurasia Group, noted U.S. soybean purchases remain limited to maintain a “positive political atmosphere” ahead of an April summit between leaders. Meanwhile, AgResource president Dan Basse warned the price gap between Brazil and U.S. soybeans could widen to about $1 a bushel. 5
For Wilmar, these swings are crucial since crush margins—the profit from processing soybeans into meal and oil—can shift quickly alongside import costs and feed demand. Rising crude prices may boost interest in biodiesel blends, helping palm-based fuel markets.
The lever cuts both ways. Should crude prices slip back or trade policies shift, sending soybean shipments in a new direction, margins could contract fast. That would put pressure on the stock, eroding the gains seen earlier this week.
Investors are eyeing Wilmar’s results due February 26. The report should shed light on processing margins and demand trends in its crucial China market.
