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Crude palm oil (CPO) futures in Asia closed in positive territory on Friday February 14 as they tracked strength in related oils and energy to recover partially from losses in the previous day. Meanwhile, soyoil fell on the Chicago Mercantile Exchange on product-spreading dynamics with soymeal and downward pressure from lower crude oil prices.
Vegoils futures had another mixed session on Thursday February 13. In Asia, crude palm oil (CPO) futures fell, breaking a five-session positive streak due to earlier losses in related vegoil futures and a stronger ringgit. Meanwhile, soyoil had a volatile day on the Chicago Mercantile Exchange and rose amid short covering.
The vegoils market was mixed on Wednesday February 12. Crude palm oil (CPO) futures in Malaysia posted gains on the back of higher Asian vegoil futures and concerns over supply, while soyoil traded lower on the Chicago Mercantile Exchange, weakened by a drop in crude oil prices.
Crude palm oil (CPO) futures trade was absent in Asia as the Bursa Malaysia Derivatives (BMD) exchange was closed on Tuesday February 11 for a public holiday, with trading to resume on February 12.
Crude palm oil (CPO) futures in Malaysia continued to rise on Monday February 10 on the back of tight supply and higher vegoil futures.
Vegoil markets posted gains on Friday February 7 as crude palm oil (CPO) futures rose in Asia amid supply concerns, while soyoil prices extended the positive movement from the previous session on the Chicago Mercantile Exchange.
Vegoils markets moved higher on Thursday February 6 as crude palm oil (CPO) futures made further gains in Asia, partly supporting soyoil prices, but the upward movement on the Chicago Mercantile Exchange was limited by weaker crude oil futures.
Vegoils markets moved in opposite directions on Wednesday February 5, as Asian futures closed with gains, while soy products on the Chicago Mercantile Exchange declined in the session, mainly pressured lower by profit-taking.
In Asia, crude palm oil (CPO) futures reversed direction on Tuesday February 4 and broke five straight sessions of gains on profit-taking as losses in soyoil futures and crude oil during Asia trading hours — amid easing US tariff concerns — weighed on palm futures. Soyoil futures fell on the Chicago Mercantile Exchange, while soymeal spiked amid bargain buying and higher grain prices.
Crude palm oil (CPO) futures made firm gains on Monday February 3, tracking strength in soyoil futures on the Chicago Mercantile Exchange from Friday. Soyoil prices extended gains in the session as market participants assessed potential impacts of US trade tariffs.
Crude palm oil (CPO) futures resumed trading on Friday January 31 after the two-day Lunar New Year holiday to close in positive territory, while soyoil futures on the Chicago Mercantile Exchange had a highly volatile session amid new details on US trade tariffs for imports.
Soyoil and soymeal futures traded lower on the Chicago Mercantile Exchange amid a negative pressure on the soybean complex on Thursday January 30, while Asian markets were closed due for the Chinese New Year holidays.
Vegoils traded on Wednesday January 29 in the absence of Asian markets, which were closed due to the Lunar New Year holidays. In the Americas, soyoil fell on the Chicago Mercantile Exchange due to weaker crude oil, while soymeal climbed amid prevailing crop concerns in South America.
Crude palm oil (CPO) futures closed higher on Tuesday January 28 amid continued positioning ahead of the holiday break on the Bursa Malaysia exchange, while soyoil futures traded lower amid product-spreading dynamics with soymeal.
Crude palm oil (CPO) futures were mixed on Monday January 27, while soy products traded lower on the Chicago Mercantile Exchange. Argentina's agriculture tax cuts remained in focus and put downward pressure on soymeal, while a sharp drop in crude oil drove down soyoil prices.
Vegoils markets were mixed on Friday January 24, as soybean products reacted to tax changes in Argentina’s exports that are expected to affect global trade, while palm oil futures closed higher in the trading session.
Vegoils markets were mixed on Thursday January 23. Crude palm oil (CPO) futures declined for a second day, while soyoil and soymeal traded higher on the Chicago Mercantile Exchange.
Crude palm oil (CPO) futures fell on Wednesday January 22 after registering gains for three straight sessions, putting downward pressure on soyoil prices in the Chicago Mercantile Exchange.
Crude palm oil (CPO) futures remained largely in positive territory, while soyoil went down on the Chicago Mercantile Exchange, pressured by climbing soymeal on Tuesday January 21.
Crude palm oil (CPO) futures closed marginally higher on Monday January 20 after giving up earlier gains, with stronger related oils and bargain buying outweighing bearish export sentiment.