Search

Crude palm oil (CPO) futures in Malaysia were broadly unchanged on Tuesday September 3 after trading in positive territory through most of the day amid mixed movements in related vegoil futures while the market awaits further indications for August supply and demand fundamentals.

Asian and European vegoil futures and cash prices declined on Monday September 2, while markets in the Americas were quiet amid the US Labor Day holiday.

Vegoils futures and cash prices rose across most markets in Asia and Europe on Friday August 30, but soyoil futures in Chicago edged slightly lower, borrowing weakness from the crude oil market and interrupting the previous day’s sharp upswing.

Soyoil futures surged in Chicago on Thursday August 29 ahead of the long Labor Day holiday weekend, with rumors circulating that the US could limit imports of used cooking oil (UCO) and while CPO futures in Malaysia ticked upward on bargain buying.

Crude palm oil (CPO) futures in Malaysia moved only marginally on Wednesday August 28, trimming the gains made at the close of the morning session to end slightly lower amid mixed signals from related vegoils, with the market also awaiting fresh data on production and exports for further direction.

Vegoils prices across most Asian and European markets continued to increase on Tuesday August 27, while in Chicago, soyoil futures edged lower partly due to a sharp decline in crude oil prices.

Crude palm oil (CPO) futures in Malaysia extended August 23's gains on Monday August 26 following firmer prices in the wider vegetable oil and energy complex as well as continued covering activities.

Asian vegoils futures rose further on Friday August 23, while soyoil futures in Chicago surged, backed by external markets and positioning amid a bullish view on the US oil share — that is, the share of soybean crush proceeds linked to soyoil sales.

Crude palm oil (CPO) futures in Malaysia rose to a two-week high on Thursday August 22, supported by gains in related vegoils and by news of Indonesia's plans to implement their B40 biodiesel mandate from January 2025 and expectations of higher export demand.

Crude palm oil (CPO) futures in Malaysia rose on Wednesday August 21 on gains in related Chinese vegoil futures, as well as lower-than-expected palm oil production.

Crude palm oil (CPO) futures in Malaysia traded mostly sideways on Tuesday August 20 amid pressure from weak export demand as well as a stronger ringgit, which made palm less attractive to international buyers.

Crude palm oil (CPO) futures in Malaysia and soyoil futures in Chicago firmed on Monday August 19 despite plummeting crude prices, with demand to replenish stocks and technical buying providing underlying support, as well as similar gains in related vegoils.

Vegoils futures varied relatively narrowly across most markets and regions on Friday August 16 despite plummeting crude prices.

Crude palm oil (CPO) futures in Malaysia inched higher on Thursday August 15, buoyed by a recovery in related vegoils with gains capped by weaker August export indications.

Crude palm oil (CPO) futures in Malaysia bounced back on Wednesday August 14 while other vegoil futures in China and in the US continued to edge lower.

Vegoils futures tumbled on Monday August 13 across most markets and regions.

Crude palm oil (CPO) futures dropped further in Malaysia on Monday August 12 on weaker exports and higher output prospects, while soyoil futures in Chicago tumbled, borrowing weakness from the upstream soybean market after the USDA significantly increased its estimates for new crop soybean ending stocks.

Crude palm oil (CPO) futures continued to recover amid pre-weekend positioning and ahead of the July supply and demand data due from the Malaysian Palm Oil Board (MPOB) on August 12.

Vegoils futures varied narrowly on Thursday August 8 following several sessions of high price volatility.

Soyoil futures on the Chicago Mercantile Exchange surged on Wednesday August 7, despite mostly lower vegoils prices in Asia and a mixed outlook in Europe; the market was underpinned by potential restrictions for imported used cooking oil (UCO) as a biofuel feedstock in the US.