Palm oil's climbing higher on the back of some optimistic signals from the supply side—traders betting on a pickup in Malaysian shipments while production starts to tighten. The upside, though? Getting wrestled down by those bloated inventories piling up in the world's number two producing nation. Classic tug-of-war between hope and reality. As global commodity markets stay edgy, this kind of supply-demand friction keeps reshaping prices and investor positioning across hard assets. Worth keeping tabs on if you're thinking about inflation hedges or diversifying beyond crypto into traditional commodities.