🛢 Energy & Commodities mixed · 6–18 months
A what‑if from the future

What if Indonesia reimposing palm-oil export restrictions spikes vegetable-oil prices globally?

Indonesia reimposes palm-oil export restrictions (a 2022-style ban) during a supply scare, spiking vegetable-oil prices globally and raising food costs for import-reliant Asia and Africa.

11%
our model probability
over 6–18 months
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 11% · 90% range 2–20% · 37 analogues · measured class trade_war 87% in 18 mo · 3% held back for the unknown
how we built this number — every step
Measured class rate — trade_war ≈1.3449/yr → 87% in 18 mo87%
Analyst prior · editorial share 12% of the class10%
Pooled · weight 86%11%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)11%
Published11%

The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.

The butterfly cascade

How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.

Resolution timeline — how this probability is moving

Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 6–18 months horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.

loading the timeline…

What it would mean

If this plays out, it is a mixed shock. Indonesia reimposes palm-oil export restrictions (a 2022-style ban) during a supply scare, spiking vegetable-oil prices globally and raising food costs for import-reliant Asia and Africa. The trigger decomposes into signed root‑shocks — Climate/crop supply ▲ · Food inflation ▲ · Inflation surprise ▲ · Trade tension ▲ — which propagate through our causal graph to the markets below.

If it happens — the markets it would move

Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.

MarketClassProjected move
1Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▼ -1.2%
hist -0.79–-0.14% · other way -0.64% (n=12)
2Semiconductors SMHon Hyperliquid 📈 chartEquity▼ -1.2%
hist -0.71–-0.35% · other way +1.0% (n=12)
3Nvidia NVDAon Hyperliquid 📈 chartEquity▼ -1.0%
hist -0.96–-0.19% · other way +1.81% (n=12)
4TSMC TSMon Hyperliquid 📈 chartEquity▼ -1.0%
hist -2.88–+0.48% · other way +0.79% (n=12)
5Alibaba BABAon Hyperliquid 📈 chartEquity▼ -0.8%
hist -2.6–+0.75% · other way -1.14% (n=11)
6AMD AMDon Hyperliquid 📈 chartEquity▼ -0.8%
hist -1.04–+0.97% · other way -2.1% (n=12)
7Broadcom AVGOon Hyperliquid 📈 chartEquity▼ -0.8%
hist -1.04–+1.06% · other way -0.8% (n=12)
8Micron MUon Hyperliquid 📈 chartEquity▼ -0.8%
hist -1.99–+0.47% · other way +0.55% (n=12)
9Marvell MRVLon Hyperliquid 📈 chartEquity▼ -0.8%
hist -1.21–+1.98% · other way +2.57% (n=12)
10ASML ASMLon Hyperliquid 📈 chartEquity▼ -0.7%
hist -2.31–+0.66% · other way -4.29% (n=12)
11Tech sector XLK 📈 chartEquity▼ -0.8%
hist -0.5–+0.32% · other way -0.55% (n=12)
12Chinese yuan CNY 📈 chartFX▼ -0.6%
hist -0.77–-0.04% · other way -0.57% (n=12)
13Qualcomm QCOMon Hyperliquid 📈 chartEquity▼ -0.5%
hist -2.8–+0.65% · other way -2.89% (n=12)
14Wheat WHEATon Hyperliquid 📈 chartCommodity▲ +0.4%
hist -0.26–+0.27% · other way -1.94% (n=12)

Probable recommendation

If the scenario above plays out, the probable cross‑asset positioning → a scenario‑conditional read, not personalized investment advice
For a common-man portfolio: Mixed for a typical portfolio — the move is more about rotation than direction. Favour the winners over the losers below rather than net exposure.
Also moves (not yet on Hyperliquid): Tech sector -0.8% · Chinese yuan -0.6% · Turkish lira -0.3% · Indian rupee -0.2% · Aussie dollar -0.2% · Freeport (copper) -0.2%

Historical precedent — what analogous events actually did

Across 37 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.

Gold tops $3,000 for the first time amid tariff and rate-cut fears 2025-03 Chernobyl disaster 1986-04 Silver Thursday 1980-03 Gold peaks at $850 1980-01 1979 Iranian Revolution oil shock 1979-01 Gold tops $4,000 and silver spikes past $50 in historic squeeze 2025-10 Trump's 50% copper tariff sends Comex copper to a record 2025-07 H5N1 bird flu record US egg prices 2025-04 China retaliates to Liberation Day: 34% tariffs + rare-earth controls 2025-04 Gold tops $2,500 for the first time on Fed rate-cut bets 2024-08 India slashes gold import duty from 15% to 6% in 2024 budget 2024-07 August 2022 hot CPI 2022-09 Powell's hawkish 'pain' speech at Jackson Hole 2022-08 Turkish lira record low on rate cuts 2021-11 Gold closes above $2,000/oz for the first time 2020-08 Chinese yuan breaks 7 per dollar; US names China manipulator 2019-08 IPBES warns ~1 million species face extinction 2019-05 China retaliates: $50B tariff list incl. soybeans 2018-04 February 2018 hot wage print triggers rate scare 2018-02 North Korea sixth nuclear test 2017-09 North Korea 'fire and fury' nuclear scare 2017-08 Mexican peso crash on Trump 2016 win 2016-11 Gold futures velocity-logic flash crash 2014-01 Gold all-time peak of $1,921/oz 2011-09 Egyptian revolution / Mubarak uprising 2011-01 Crude oil all-time high 2008-07 2008 global rice / food price crisis peak 2008-04 2008 global rice crisis: Thai benchmark tops $1,000/ton 2008-04 Soviet August coup attempt against Gorbachev 1991-08 Iran hostage crisis / US freezes Iranian assets 1979-11 Volcker Saturday Night Special 1979-10 Three Mile Island partial meltdown 1979-03 Iranian Revolution oil shock 1978-12 Argentina Rodrigazo shock 1975-06 1974 sugar price spike to record 65+ cents 1974-11 Nixon Shock 1971-08 Smoot-Hawley clears the US House 1929-05
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
XCU XCUSHORT-3.4% · 5d -0.4%76%24 0.44✓ matches cascade
INTC INTCSHORT-4.3% · 5d -2.6%72%27 0.40✓ matches cascade
CNY CNYSHORT-0.4% · 5d -0.1%67%24 0.33✓ matches cascade
KWEB KWEBSHORT-3.6% · 5d -2.3%69%19 0.31✓ matches cascade
SOL SOLLONG+3.5% · 5d -3.9% ↺ fades65%11 0.21⚠ differs
FCX FCXSHORT-3.8% · 5d -1.3%63%24 0.21✓ matches cascade
TSM TSMSHORT-2.2% · 5d -2.6%63%24 0.19✓ matches cascade
QCOM QCOMSHORT-2.3% · 5d -2.8%63%24 0.19✓ matches cascade
TRY TRYSHORT-1.9% · 5d +0.7% ↺ fades59%24 0.18✓ matches cascade
XLK XLKLONG+0.6% · 5d -1.0% ↺ fades61%24 0.17⚠ differs
WHEAT WHEATSHORT-0.4% · 5d -2.5%59%24 0.17⚠ differs
BABA BABASHORT-2.1% · 5d -3.4%57%18 0.12✓ matches cascade
EURUSD EURUSDSHORT-0.8% · 5d +0.0% ↺ fades57%24 0.12✓ matches cascade
MRVL MRVLLONG+2.3% · 5d -1.1% ↺ fades57%24 0.11⚠ differs

Methodology. Probability and impact are anchored to history and scored against what actually happens — wins and losses, in public, at Reality Check. Crowd odds live from Polymarket & Kalshi. By Vikas Singh, Quantitative Strategist. Updated 2026-07-03.