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Soyoil futures jumped in the Commodities Mercantile Exchange on Friday January 10, reaching their highest level since November last year, while the price of crude palm oil (CPO) broke a two-day losing streak and clawed back some earlier losses.
Crude palm oil (CPO) futures fell for the second consecutive day on Thursday January 9, while soyoil prices in the Commodities Mercantile Exchange hit the highest level in more than three weeks.
Asian vegoils prices were mixed for another session on Wednesday January 8, with crude palm oil (CPO) futures remaining rangebound and trading in both directions before ending marginally lower, while soyoil futures in the Commodities Mercantile Exchange (CME) traded higher amid product spreading with soymeal.
Vegoils price moves were mixed on Tuesday January 7. Crude palm oil (CPO) prices rebounded from the previous day’s losses to end the day higher, while soyoil futures in the Commodities Mercantile Exchange rose further from gains made in the previous session.
Vegoils futures were mixed on Monday January 6, with crude palm oil (CPO) futures falling to close in negative territory after trading in both directions, while soyoil traded with gains on the Chicago Mercantile Exchange, driven by bargain buying and a weaker US dollar.
Crude palm oil (CPO) futures traded in both directions again on Friday January 3, while soyoil prices dropped sharply at the end of the week on the Chicago Mercantile Exchange, pressured by soybean crush volumes above estimates.
Crude palm oil (CPO) futures in Malaysia fell further on the first trading day of the new year, while stronger crude oil prices pushed soyoil contracts up in the Chicago Mercantile Exchange.
Crude palm oil (CPO) futures faced an intense sell-off on Tuesday December 31 due to more position squaring, with soft export demand and weaker related oils weighing on sentiment. Meanwhile, the soyoil futures market on the Chicago Mercantile Exchange was quiet on the last trading day of 2024.
Crude palm oil (CPO) futures gave up gains from earlier in the day to close in negative territory on Monday December 30.
Crude palm oil (CPO) futures edged up on Friday December 27 on firmer related vegoils, while tightened supply indications provided underlying support.
Crude palm oil (CPO) futures fell at the midday close on Tuesday December 24 but rose on the afternoon close amid some profit-taking ahead of the Christmas Day holiday, while related vegoils edged higher.
Crude palm oil (CPO) futures broke their six-day losing streak to close higher on Monday December 23, following firmer prices for rival oils, higher crude oil prices and bouts of bargain buying.
Vegoils futures were mixed in the Asian markets on Friday December 20, with crude palm oil (CPO) down further on weak exports and amid confusion over Indonesia's B40 program.
Vegoils futures had a mixed performance on Thursday December 19 with most Asian markets tumbling sharply, crude palm oil (CPO) futures in Malaysia pairing most of the losses seen in the earlier part of the session and soyoil futures in Chicago catching a bid on bargain buying and higher soybean prices.
Crude palm oil (CPO) futures in Malaysia tumbled on Wednesday December 18 on a combination of declines in related vegetable oil futures, soft export demand and extended profit-taking.
Crude palm oil (CPO) futures in Malaysia fell on Tuesday December 17 on lower related vegetable oil futures and profit-taking, while soyoil fell sharply on the Chicago Mercantile Exchange amid a technical sell-off movement.
Crude palm oil (CPO) prices in Malaysia fell on Monday December 16 pressured by profit-taking and indications of slower export demand, which contributed to pull soyoil futures lower in Chicago.
Vegoils futures were mixed across regions on Friday December 13, with Malaysian crude palm oil (CPO) down more than 4% since the beginning of the week while soyoil futures in Chicago fell less steeply during the period, with the gap between the two prices narrowing slightly from the peak reached in the previous week.
Crude palm oil (CPO) futures rebounded in Malaysia on Thursday December 12 after two consecutive sessions of steep losses, while soyoil futures in Chicago were supported by export demand.
Crude palm oil (CPO) futures extended losses on Wednesday December 11, with market sentiment remaining soft following the industry data released the previous day.