VEGOILS - Palm oil gains over rival soyoil. Key data on production and price forecasts are awaited.
Malaysian palm futures closed higher Monday. The market is awaiting data from the Malaysian Palm Oil Board and the Price Outlook Conference. The benchmark April palm oil contract on the Bursa Derivatives exchange rose 19 ringgit (0.46%) to 4,173 Ringgit ($1,061.29) per metric ton at close. A Kuala Lumpur trader stated that the market would follow the 'Dalian' lead until tomorrow's MPOB data and POC analysts outlook for further leads. Dalian's top-active palm oil contract dropped 0.31%, while the soyoil contract rose 0.07%. Chicago Board of Trade soyoil rose by 1.63%.
Oil Prices Rise After US Urges Caution for Vessels Traveling Near Iran
Oil prices rose more than 1% on Monday after the U.S. Department of Transportation issued an advisory to U.S.-flagged vessels to stay as far as possible from Iranian territory while voyaging through the Strait of Hormuz and Gulf of Oman.Brent crude oil futures were up 89 cents, or 1.3%, at $68.94 a barrel by 11:24 a.m. EST (1624 GMT). U.S. West Texas Intermediate crude rose 83 cents, or 1.3%, to $64.38.The U.S. DOT's Maritime Administration agency noted that vessels going through the Strait of Hormuz and Gulf of Oman have historically faced the risk of being boarded by Iranian forces, including as recently as February 3.
Palm oil prices rise with soyoil as the market waits for key data about production and price projections
Malaysian palm futures continued to rise on Monday. This was supported by soyoil, a rival oil, in the Chicago and Dalian market. The?market awaits data from the Malaysian Palm Oil Board (MPOB) and the Price Outlook Conference. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for April delivery had gained 30 ringgit or 0.72% to 4,184 Ringgit ($1,063.01), a metric tonne. A trader in Kuala Lumpur said that the market would follow Dalian's?lead up until tomorrow's MPOB data, and POC's outlook for future leads. Dalian's soyoil contract, which is the most active one, was up by 0.17%. Palm oil?contract traded at a flat rate.
Oil Prices Rise on U.S.-Iran Tensions
Oil prices steadied on Wednesday after rising earlier in the session after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel, rekindling fears of an escalation in tensions ahead of planned talks.But a broader selloff of software equities, which often move in tandem with oil prices, capped gains.Brent crude oil futures were up around 0.1% at $67.38 a barrel by 1423 GMT. U.S. West Texas Intermediate crude was down 2 cents at $63.19.Both benchmarks have seesawed this week between news of talks to de-escalate…
Palm oil snaps a four-month losing streak thanks to rival crude and oils
Malaysian palm-oil futures ended a four month losing streak on the Friday, even though they closed lower for that day. The ringgit fell as well. It rose every week to?a 4.42% gain in January, boosted by higher crude oil and soyoil prices, positive output and export figures, and supportive data. The benchmark April palm oil contract on the Bursa?Derivatives exchange was down 88 Ringgit or 2.04% at $4,229 ringgit (1,073.62) per metric ton?at the closing. Today's futures (were) on a weekend profit-taking spree and also tracked weaker Dalian and Chicago soybean oil after their recent rally", a Kuala Lumpur based trader stated.
Palmetto falls due to profit-taking; palmetto heads for weekly gains
Malaysian palm futures continued to lose money on Friday as investors took profits before the weekend. They also tracked declines in the Dalian, Chicago and other exchanges. Prices were still on course for a 4th consecutive weekly gain. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for April delivery was down 69 Ringgit or 1.6% at 4,248 Ringgit ($1,079.54) per metric ton. Futures are up 1.75% per week so far. Dalian's palm oil contract, which is the most active contract in Dalian, lost 1.11% while soyoil prices fell by?1.2%. Prices for soyoil on the Chicago Board of Trade fell 0.8%.
Palm prices end at their highest level in three months due to higher commodity prices
Malaysian palm futures rose for the fourth consecutive session on Thursday. The gains were boosted by commodity prices and crude oil that remained firm. The benchmark April palm oil contract on the Bursa Derivatives exchange gained 46 ringgit or 1.08% to 4,318 Ringgit ($1,100.13). This was the highest close since October 27th, 2025. A Kuala Lumpur based trader stated that the palm market today is supported by commodity prices, such as crude oil and soyoil. The trader said that prices remain strong amid anticipation for the Price?Outlook conference in Kuala Lumpur from February 9-11.
Palm prices rise on higher commodity prices and crude
Malaysian palm futures continued to rise for the fourth session in a row on Thursday. They were supported by a firming of commodity prices and crude oil, which reached their highest level since three months. By midday, the benchmark?palm-oil contract for April delivery at the Bursa Derivatives exchange in Malaysia had gained 35 ringgit or 0.82% to 4,307 Ringgit ($1,095.93). The Dalian palm oil market has been supported by commodity prices that are firm. A Kuala Lumpur based trader reported that the benchmark reached a morning high of 4,315 Ringgit. This is its highest level since October 28th, 2025.
Palm gains from stronger palm olein and soyoil
The price of Malaysian palm oil futures rose on Wednesday. This was due to the firmness of?Chicago palm olein, Dalian palmolein, and soyoil. However, a stronger ringgit limited further gains. After two consecutive sessions of gains, the benchmark palm oil contract for?April delivery at the Bursa Derivatives exchange gained 5 ringgit or 0.12% to 4,265 Ringgit ($1,089.68). The futures continue to show a broader upward trend, riding the bullish 'waves' of Chicago's Soyoil and Dalian's Palm olein. They also ride the upward momentum in energy prices, said Anilkumar bagani, head of commodity research at Mumbai-based brokerage Sunvin Group.
Palm oil's output data and rival oils' gains lead to a higher end for the palm oil
The price of Malaysian palm oils futures rose for the second time in a row on Tuesday. This was due to a strong rise in the prices of rival edible oils traded at Dalian, as well as a good export and lower production figures. The benchmark April palm oil contract on the Bursa Derivatives Exchange rose 33 ringgit or 0.78% to 4,258 Ringgit ($1,077.97). A Kuala Lumpur based trader stated that the market was tracking Dalian's strength, its good export and a lower production to sustain its rally. Dalian's palm oil contract increased by 2.67%, while the?most active soyoil contract grew 1.03%. Chicago Board of Trade soyoil prices rose by 0.48%.
Palmettos rise on Dalian gains, export data and good production data
The market for Malaysian palm oils futures continued to rise on Tuesday. This was due to the increase in rival edible oils traded at the Dalian Exchange, as well as a good export and lower production. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for April delivery had gained 10 ringgit or 0.24% to 4,235 Ringgit ($1,072.15) per metric tonne. A Kuala Lumpur based trader stated that the market was tracking Dalian's strength, its good export and lower production in order to sustain this rally. Dalian's most-active palm oil contract grew by 2.09%, while the soyoil contract grew by 0.54%. Prices of soyoil on the Chicago Board of Trade fell by 0.56%.
US energy sector reels as winter storm knocks 2 million bpd crude production
Analysts and traders estimate that U.S. producers lost as much as 2 million barrels per day or 15% of their production during the weekend. This was due to a winter storm which ravaged the nation, straining the?energy grids and infrastructure. Energy Aspects estimates that oil production outages peaked at 2 million barrels per day on Saturday. The Permian basin is likely to have experienced the greatest share of this decline, at about 1.5 million bpd. Production losses decreased on Monday. Permian shutdowns were estimated at 700,000 bpd, and production is expected to be fully restored by the end of January.
US energy sector reels as winter storm knocks 2 million bpd crude production
Analysts and traders estimate that U.S. producers of oil lost up to two million barrels per day, or about 15% of the nation's production, over the weekend as a winter storm swept through the country, straining the energy infrastructure and the power grids. According to a report by?consultancy energy?Aspects, oil production outages peaked Saturday. The Permian basin is likely to have been the most affected, as it lost around 1.5 million barrels of oil per day. Monday saw a decrease in production losses, with the Permian Basin shut-ins estimated to be around 700,000 barrels per day. Production is expected to be fully restored on January 30.
Export data shows palm oil gains over stronger competitors, and improved export figures.
The price of palm oil in Malaysia ended Monday higher, supported by stronger crude oil and edible oil rivals, as well as positive export data. The benchmark palm-oil contract for April delivery at the Bursa Derivatives Exchange rose 49 ringgit or 1.17% to 4,224 Ringgit ($1,065.86), a metric tonne, as of the close. Dalian's palm oil contract, which is the most active contract in Dalian, gained 1.97% while soyoil prices rose 1.66%. Prices of soyoil on the Chicago Board of Trade rose by 0.24%. As palm oil competes to gain a share in the global vegetable oil market, it tracks 'price movements' of rival edible oils.
Export data shows palm oil gains over stronger competitors, and palm oil is a better alternative to edible oils
The price of Malaysian palm oil futures increased on Monday. This was largely due to the stronger crude oil and edible oils, as well as positive export data. By midday, the benchmark contract for palm oil delivery in April on the Bursa Derivatives exchange had gained 22 ringgit or 0.53% to 4,197 Ringgit ($1,057.71). Dalian's palm oil contract gained 0.79% while the most active soyoil contract increased by 1.19%. Chicago Board of Trade soyoil prices were up by 0.59%. As palm oil competes to gain a share of the global vegetable oil market, it 'tracks' price movements in rival edible oils.
Palmetto falls due to profit-taking but still posts third consecutive weekly gain
Malaysian palm-oil futures fell 'on Friday due to profit-taking, and the strength of the ringgit, but they still posted a third consecutive weekly gain. The benchmark contract for palm oil delivery in April on Bursa Derivatives Exchange fell 23 ringgit (0.55%) to $4174 ringgit ($1,042.72) per metric ton. The contract increased 2.5% in the last week. A Kuala Lumpur based trader said that investors booked profits before the weekend, and a stronger ringgit halted the recent rally. The ringgit (palm's trade currency) strengthened by 0.87% against the dollar. This made the commodity more costly for buyers who hold foreign currencies.
VEGOILS - Palm slips due to profit-taking; ringgit firm, still on track for third weekly gain
Malaysian palm futures declined?on friday amid profit-taking, but they remained on course for a third weekly gain. The benchmark April palm oil contract on the Bursa Derivatives exchange fell 30 ringgit or 0.71% to 4,167 Ringgit ($1,041.75) per metric ton at?midday. This week, the contract has increased by 2.6%. A Kuala Lumpur based trader said that investors?booked their profits before the weekend, and the stronger ringgit has?snapped up the recent rally. The palm ringgit's currency, the dollar, has strengthened by 0.94%, increasing the price of the commodity for buyers holding foreign currencies.
Palm prices rise more than 1% on demand for the festive season
Malaysian palm futures rose by more than 1% on Wednesday to a seven week?high, as the market grew in anticipation of a stronger demand during the Lunar New Year holidays. The benchmark 'palm oil' contract for April delivery at the Bursa Derivatives exchange gained 60 ringgit or 1.47% to 4,154 Ringgit ($1,026.69) per metric ton. This is the highest close on the Bursa since December 2. David Ng, an Iceberg X Sdn Bhd proprietary trader in Kuala Lumpur, stated that crude palm oil futures were trading higher due to expectations of a strong demand?in the weeks ahead of next month's Lunar New Year holiday season.
Palm up in anticipation of lower production and improved exports
The market for Malaysian palm oils futures closed higher on Tuesday as the anticipation of a sharp decline in production, and a stronger export demand, supported the market. The benchmark palm-oil contract for April delivery on the 'Bursa Malaysia Derivatives exchange gained 28 ringgit or 0.69% to 4,095 Ringgit ($1,010.61) per metric ton. Paramalingam Supramaniam of the brokerage Pelindung Bestari in Selangor said that traders expect a drop in output between 15% and 17% by January, but exports are up, signaling a strong demand. He said that if these two variables continued until March, the end stock could be significantly reduced.
Palm prices rise on the back of reduced production and improved exports
The price of palm oil futures in Malaysia rose on Tuesday, as traders anticipated a sharp drop in production and stronger demand for exports. By midday, the benchmark palm oil contract for April delivery at the Bursa Malaysia Derivatives Exchange had gained 37 ringgit (0.91%) to 4,104 Ringgit ($1,013.33) per metric ton. Exports are up significantly and traders expect a drop in output of between 15% and 17%, which is a strong demand signal, said Paramalingam Supramaniam at Selangor brokerage Pelindung Bestari. He said that if these two variables continue up until March, the end stock could drop significantly.