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Vegoils futures and cash prices rose across most markets on Wednesday October 2, with higher crude prices providing support earlier in the day while soyoil prices in Chicago caught a bid on product-spreading dynamics as soymeal futures fell steeply.

Crude palm oil (CPO) futures in Malaysia rose slightly and soyoil futures in Chicago increased more steeply, borrowing strength from surging crude prices on Tuesday October 1.

Crude palm oil (CPO) futures lost further steam in Malaysia on Monday September 30, while in Chicago soyoil futures bounced back after two sessions of losses.

Crude palm oil (CPO) futures in Malaysia took a breather from their seven-day rally to close lower on Friday September 27 due to profit-taking, while direction from related vegoils was mixed and soymeal futures surged in Chicago.

Asian vegoils futures continued to gather momentum on Thursday September 26 amid tight supply and demand fundamentals, while in Chicago soyoil futures tumbled to pare back Wednesday’s gains.

The rally in crude palm oil (CPO) futures in Malaysia and soyoil futures in Chicago continued for another session on Wednesday September 25 in what is already one of the sharpest upswings in vegoil prices since the beginning of the year.

Soyoil futures in Chicago surged on Tuesday September 24 amid concerns around the 2024/25 soybean crop in Brazil and short covering, while Asian vegoils futures also traded in positive territory, partly supported by the announcement of stimulus measures in China.

Crude palm oil (CPO) futures in Malaysia and soyoil futures in Chicago extended their rally for another session on Monday September 23 despite softer crude prices.

Asian vegoils continued to climb higher for yet another session on Friday September 20 amid an overall bullish sentiment.

Vegoils futures continued to gather momentum in Asia and in Chicago on Thursday September 19.

Crude palm oil (CPO) futures in Malaysia rose sharply on Wednesday September 18 in the largest daily upswing in a year and a half, while in Chicago soyoil futures also traded in green territory.

Crude palm oil (CPO) futures fell on Tuesday September 17, with a stronger ringgit and a softer energy complex exerting downward pressure as trading resumed after a national holiday in Malaysia.

With China and Malaysia both out on holidays on Monday September 16, the vegetable oil complex was largely lacking direction, and the most-active soybean oil futures contracts on the Chicago Mercantile Exchange only posted marginal gains.

Crude palm oil (CPO) futures tumbled on Friday September 13, down week on week, as pressure from weak fundamentals and bearish sentiment continued, with market participants also taking positions ahead of the long weekend in Malaysia.

Crude palm oil (CPO) futures fell on Thursday September 12, failing to hold on to gains from the previous day amid liquidation pressure as the market also waited for clarity surrounding key policy decisions in Indonesia and India.

Crude palm oil (CPO) futures ended their downward streak on Wednesday September 11 to close in positive territory across most contract months after trading sideways in the earlier part of the day.

Crude palm oil (CPO) futures fell for a third session, with weaker September exports and higher stocks in Malaysia keeping pressure on prices despite marginally higher Chinese vegoils.

Soyoil futures rose on Monday September 9 on the Chicago Mercantile Exchange, regaining some ground after hitting a two-week low in a sell-off on Friday September 6.

Soyoil futures in Chicago tumbled steeply on Friday September 6 with downward pressures from falling crude prices and technical positioning, while in Malaysia crude palm oil (CPO) futures edged slightly lower.

Soyoil futures in Chicago ended a three-session losing streak, with contracts up by more than 2% day on day, while Malaysian crude palm oil (CPO) futures also trended higher on Thursday September 5.