Palm ends two-day gains with firmer Ringgit
The market for Malaysian palm oils futures ended two sessions of gains in a row on Wednesday as the ringgit strengthened, making the commodity more costly to buyers who hold foreign currencies. At the close, the benchmark contract for palm oil delivery in January on Bursa Derivatives exchange fell 12 ringgit or 0.29% to 4,125 Ringgit ($976.56) per metric ton. The contract has risen 0.61% over the last two sessions. David Ng said that the market was lower due to the stronger ringgit, a proprietary trading at Kuala Lumpur based trading firm Iceberg X Sdn. Bhd. As of 1030 GMT the ringgit (palm's currency) strengthened by 0.07% to reach 4.133.
Palm oil prices drop on firmer Ringgit
After two sessions of gains, Malaysian palm oils futures fell on Wednesday. The ringgit's strength has made the commodity costlier for buyers who hold foreign currencies. At the midday break, the benchmark palm oil contract on Bursa Derivatives exchange for January delivery fell 14 ringgit (0.34%) to 4,123 Ringgit ($976.09) per metric ton. The contract has risen 0.61% over the last two sessions. David Ng said that the market was lower due to the stronger ringgit, a proprietary trading at Kuala Lumpur based trading firm Iceberg X Sdn. Bhd. As of 0500GMT the ringgit, which is palm's trade currency, increased by 0.15% to 4,13 against the U.S.
VEGOILS - Palm extends its gains on stronger Chicago Soyoil
The market for Malaysian palm oils futures continued to rise, despite weather concerns and weak November export figures. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange gained 27 ringgit or 0.66% to 4,139 Ringgit ($979.88). According to Paramalingam Supramaniam of Selangor brokerage Pelindung Bestari, the uptrend in Chicago Soyoil Prices is helping sustain the palm Market. Supramaniam noted that the weaker November preliminary export numbers and the firmer ringgit were causing headwinds. Malaysian Meteorological Department has said that the northeast monsoon will arrive on Thursday, and last until March 2026.
VEGOILS - Palm up on Chicago soyoil's strong performance; weather concerns and weak export data cap gains
The market was supported by a stronger Chicago soyoil and concerns about inclement weather, but a lackluster November export report and the looming threat of bad weather weighed heavily on the market. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery gained 65 ringgit or 1.58% to 4,177 Ringgit ($988.87). According to Paramalingam Supramaniam of Selangor brokerage Pelindung Bestari, the uptrend in Chicago Soyoil Prices is helping sustain the palm Market. Supramaniam noted that the weaker November preliminary export numbers and a strengthening ringgit were causing headwinds.
Palm oil support muted despite modest data from MPOB
Malaysian palm futures were not much changed on Monday as the Malaysian Palm Oil Board (MPOB's) data supported the market. However, gains were limited by weaker November Export figures and a strengthening ringgit. At the close, the benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange gained 2 ringgit or 0.05% to 4,111 Ringgit ($973.25) per metric ton. The contract dropped by 0.96% during the previous session. A Kuala Lumpur based trader stated that the MPOB's data on demand and supply had a slightly bullish tone.
Palm trades are rangebound before MPOB data
Malaysian palm oils futures were trading in a narrow range on Monday, despite the weaker export numbers weighing on markets. Traders are also waiting for supply and demand data from Malaysia Palm Oil Board (MPOB). At the midday break, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery gained 1 ringgit or 0.02% to 4,110 Ringgit ($973.01), a metric tonne. The contract dropped 0.96% during the previous session. A Kuala Lumpur based trader reported that the cargo surveyor Intertek Testing Services' (ITS) report showed a decline.
Palm oil prices fall for the fourth consecutive week due to a combination of rising stocks and softer crude
Malaysian palm futures recorded a fourth successive weekly decline on the Friday amid expectations that stocks will be higher at the end of October and a recent drop in crude oil prices. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange lost 39 ringgit or 0.94% to finish at 4,110 Ringgit ($973.01 a metric tonne). The contract dropped 2.31% in the last week. Sandeep Singh is the director of The Farm Trade in Kuala Lumpur, a consulting and trading company. He said that palm oil was under pressure because of expectations for higher end stocks and lower crude oil.
Palm set to fall for the fourth consecutive week on swelling stock, soft crude
Malaysian palm futures fell for the fourth consecutive week on Friday amid expectations that October end stocks would be higher and a recent drop in crude oil price. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had fallen 39 ringgit or 0.94% to 4,110 Ringgit ($973.01), a metric tonne. The contract is down 2.31% for the week. Sandeep Singh is the director of The Farm Trade in Kuala Lumpur, a consulting and trading company. He said that palm oil was under pressure because of expectations for higher end stocks and lower crude oil.
Palm oil ends lower than rival Dalian oils, but higher production also weighs.
Malaysian palm futures fell on Monday due to the weakness of rival edible oils traded on Dalian's exchange. Meanwhile, increased production continues to put pressure on prices. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange lost 92 Ringgit or 2.19% to $4,115 Ringgit ($974.20). The Dalian market was weak, which weighed on futures. A rise in production has also continued to put pressure on prices. We also see a good increase in demand, which will lead to improved exports for November and December," Paramalingam Supramaniam said, Director at Selangor brokerage Pelindung Bestari.
Palm oil is lagging behind rival Dalian oil; increased production also weighs
Malaysian palm futures continued to lose money on Monday due to the weakness of rival edible oils traded on Dalian's exchange. Meanwhile, increased production continues pressure on prices. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had fallen 61 ringgit or 1.45% to 4,146 Ringgit ($981.53) per metric ton. The Dalian market was weak, which weighed on futures. A rise in production has also continued to put pressure on prices. We also see a good increase in demand, which will lead to a better export in November and Decembre," said Paramalingam Supramaniam at Selangor brokerage Pelindung Bestari.
Palm oil futures set to suffer second consecutive monthly loss after hitting lowest level in nearly 12 weeks
Malaysian palm futures continued to fall for the fourth session in a row on Wednesday, and were headed towards a second month-long drop. They were weighed down due to weakness in other edible oils, Indonesia’s production forecast, and a strong Ringgit. At closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives Exchange for January delivery fell 65 ringgit or 1.51% to 4,252 Ringgit ($1,006.63) per metric ton, its lowest close since August 7. GAPKI, the Indonesian palm oil association, said that Indonesia's palm-oil production could reach 56 million metric tonnes this year. This is higher than previous projections.
Palm oil drops to a 12-week low due to weak competitors; second monthly decline is expected
Malaysian palm futures fell for the fourth session in a row on Wednesday, and were headed for a second month-long decline, due to a weakening of rival edible oils and Indonesia's production forecast, as well as a strong ringgit. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 72 ringgit or 1.67% to 4,245 Ringgit ($1,004.97) per metric ton. The contract reached its lowest level since August 7 during the session. GAPKI, the Indonesian palm oil association, said that Indonesia's palm-oil production could reach 56 million metric tonnes this year. This is higher than previous projections.
Palm oil falls to near four-week-low on weak Dalian palm oils, strong ringgit
Malaysian palm futures fell for a second day to their lowest close in almost four weeks, due to Dalian palm and a stronger Ringgit. Market participants were waiting for fresh triggers that would confirm the direction. At closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives Exchange fell 50 ringgit or 1.13% to 4,372 Ringgit ($1,035.04) per metric ton. Donald Trump, the U.S. president, said that China and the U.S. , since he will meet the Chinese President Xi Jinping in South Korea later this week. Dalian's palm oil contract, which is the most active contract in Dalian, lost 0.33%. Chicago Board of Trade soyoil prices rose by 0.77%.
Palm oil slams Dalian palm oil that is weak, and the strong ringgit
The price of Malaysian palm oils futures fell to its lowest level in three weeks Monday. Dalian palm oil was a major factor, as well as a stronger ringgit. Market participants were waiting for new triggers that would confirm the direction. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had fallen 23 ringgit (0.52%) to 4,399 Ringgit ($1,041.43) per metric ton, the second consecutive decline. Dalian's palm oil contract, which is the most active contract in Dalian, lost 0.31%. Chicago Board of Trade soyoil prices rose by 0.97%.
VEGOILS - Palm ends the week lower and books a second weekly loss
The Malaysian palm futures market continued to lose money and recorded its second loss in a week on Friday. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery fell 51 ringgit or 1.14% to 4,420 Ringgit ($1,046.40). Futures fell by 2.06% in the past week. A Kuala Lumpur based trader stated that "Today's Futures" are still trading between 4,400 and 4,500 Ringgits while they wait for new leads. Dalian's soyoil contract with the highest volume of trading fell 0.15% while palm oil contracts gained 0.09%. Chicago Board of Trade soyoil prices were down by 0.35%.
Palm trades lower and is set to suffer a second weekly loss
Malaysian palm futures fell on Friday and are on course to record its second consecutive weekly loss. The market is range-bound, as it searches for direction. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had fallen 29 ringgit (0.65%) to 4,442 Ringgit ($1,051.61) per metric ton. Futures have lost 1.57 percent so far this week. A Kuala Lumpur based trader stated that "Today's Futures" are still trading between 4,400 and 4,500 Ringgits while they wait for new leads. Dalian's palm oil contract, which is the most active contract, gained 0.37% while soyoil gained 0.17%. Chicago Board of Trade soyoil prices were down 0.45%.
Palm oil prices fall due to weather and uncertainty in demand
Malaysian palm futures continued to fall for a fourth session in a row on Thursday, after an uncertain demand created pressure to sell. This was topped off by unpredictable weather conditions which are making production more volatile. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had fallen 14 ringgit or 0.31% to 4,442 Ringgit ($1,051.61) per metric ton. The uncertainty of demand has exacerbated the pressure on sellers today. The volatility will continue to be high, as we move into unpredictabile conditions in weather and production for the first quarter 2026," Paramalingam Supramaniam said.
US upstream oil and natural gas dealmaking falls for the third consecutive quarter amid low prices
Enverus, an analytics firm, said that the persistently low oil price kept buyers away from the sector during the third quarter. According to Enverus's latest report, merger and acquisition activity is down for the third consecutive quarter. This marks a dramatic departure from the blockbuster deals of recent years, such as Exxon Mobil's $60 billion deal with Pioneer Natural Resources, which will close in 2023, and Chevron’s $53 billion purchase by rival Hess this year. Enverus reports that the total value of deals in 2023 was a record-breaking $192 billion. This figure dropped to just $105 billion by 2024. U.S.
Palm oil prices fall on Dalian weakness
Malaysian palm oils futures ended lower on Wednesday for the third consecutive session, following the weakness of rival Dalian edible oil. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange lost 51 ringgit or 1.13% to 4,454 Ringgit ($1,054.45) per metric ton. A Kuala Lumpur based trader stated that "today, futures track Dalian weakness and are waiting for new leads" to move the markets. Dalian's palm oil contract, which is the most active contract, lost 1.69% while soyoil contracts in Dalian fell 0.99%. Chicago Board of Trade soyoil prices were up 0.3%.
Palm extends its fall on Dalian's weakness
Malaysian palm futures declined for the third session in a row on Wednesday. This was due to weakness in Dalian edible oil, a rival. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 25 ringgit or 0.55% to 4,480 Ringgit ($1,060.61) per metric ton. Dalian's palm oil contract, which is the most active contract, lost 0.86%. Chicago Board of Trade soyoil prices were up by 0.22%. As palm oil competes to gain a share in the global vegetable oil market, it tracks the price changes of competing edible oils.