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A sell-off continued across several vegoil markets in different regions on Tuesday August 6, with prices extending losses from Monday, dropping to multi-month lows in some cases and testing fresh contract lows in others.

Vegoils futures tumbled across markets and regions on Monday August 5, with several contracts hitting multi-month lows amid mounting fears of a US recession triggering a sharp financial sell-off.

Crude palm oil (CPO) futures in Malaysia rose on Friday August 2 and paired Thursday August 1’s losses, supported by firmer related futures in the Asian vegoil complex, bargain buying and positive export demand.

Soyoil futures plummeted near contract lows across the curve in Chicago on Thursday August 1 trading after a short-lived bounce back during the previous session while Asian vegoils futures also trended mostly lower.

Crude palm oil (CPO) futures traded lower on Wednesday July 31, with late bargain buying and healthy exports easing some of the losses seen earlier in the day.

Crude palm oil (CPO) futures traded sideways on Tuesday July 30; early gains from bargain buying and support from stronger related vegoils were offset by a cautious market sentiment ahead of supply and demand estimates for the full month of July.

Asian vegoil futures were mixed on Monday July 29 while the front end of the soyoil futures curve continued to decline in Chicago.

Vegoils prices were mixed across regions on Friday July 26, with a stronger undertone across commodities in Asia and plummeting soyoil prices in the Americas, while futures on the Chicago Mercantile Exchange dropped steeply due to expectations of lower biofuel demand in the US.

Futures and cash prices tumbled across most vegoils markets in Asia and Europe on Thursday July 25 while Malaysian crude palm oil (CPO) prices were flat on mixed fundamentals and Chicago Mercantile Exchange (CME) soyoil traded unchanged to higher.

Crude palm oil (CPO) futures in Malaysia fell on Wednesday July 24 due to expectations of greater supply, as well as losses in related vegoils.

The main crude palm oil (CPO) futures contract in Malaysia broke its five-day winning streak on Tuesday July 23 amid profit-taking, though losses were capped by rising related vegoils.

Crude palm oil (CPO) futures in Malaysia rose on Monday July 22, for the fifth consecutive session, due to higher related vegoil futures and higher export figures while futures across the soybean complex in Chicago soared.

Concerns around crop losses in key producing areas continued to support rapeoil and sunoil prices across regions, while Malaysian CPO futures ended the week in positive territory.

Vegoils prices were flat to up across most regions and commodities on Thursday July 18, with Chinese rapeoil and European sunoil continuing to rise, while Malaysian CPO was broadly unchanged and Chicago soyoil rebounded somewhat.

Crude palm oil (CPO) futures were mixed at the close of trading on Wednesday July 17, with strength in related vegoils and healthy exports continuing to support prices.

Crude palm oil (CPO) futures in Malaysia rebounded from the previous day’s losses to close higher on Tuesday July 16, tracking strength in related vegoils while bargain buying also helped to support prices.

Crude palm oil (CPO) futures slipped on Monday July 15, tracking weakness in related vegoils.

Crude palm oil (CPO) futures in Malaysia dipped on Friday July 12 when healthy supply damped buying sentiment despite higher Chinese vegoil futures.

Crude palm oil (CPO) futures in Malaysia broke their losing streak and rose marginally on Thursday July 11 after falling for the past five trading sessions.

Crude palm oil (CPO) futures in Malaysia fell further on Wednesday July 10 due to losses across the vegetable oil complex, but bullish export data capped losses.