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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.
Vegoils markets ended the week in different directions on Friday January 17 as market participants positioned ahead the long holiday weekend. Soy products climbed on the Chicago Mercantile Exchange, supported mainly by a positive trend in soybeans, while crude palm oil (CPO) futures rose following a volatile session.
Vegoils futures and cash prices fell sharply across markets and regions on Thursday January 16 amid downward pressure from profit-taking and plummeting crude prices.
Vegoils markets were mostly down on Wednesday January 15, except for soyoil on the Chicago Mercantile Exchange, which extended the gains from previous sessions and closed higher following the release of the US crush report by the National Oilseeds Processors Association (NOPA).
Crude palm oil (CPO) futures slipped on profit taking, despite gains in related vegoil futures, on still bearish export sentiment on Tuesday January 14.
Soyoil prices extended their rally for the sixth consecutive session, to their highest level in two months, while crude palm oil (CPO) futures started the week stronger and rose to a two-week high on Monday January 13.
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.