# Palm Oil Prices Climb As China Buys More Soybeans - Finimize

> Malaysian palm oil hit a two-week high, closing the February contract at 4,157 ringgit per metric ton, up 1.5% in a day. Gains followed stronger Chicago soyoil and Dalian contracts, a softer ringgit, and renewed Chinese purchases of US soybeans after a trade truce.

- Date: 2025-12-02 · published 2025-12-02T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/11264-palm-oil-prices-climb-as-china-buys-more-soybeans-finimize
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Broad edible oil strength and China's US soybean buying support vegetable oil prices, though a technical resistance level near 4,121 ringgit may limit gains.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- USDMYR: bullish ▲
- PALMOIL: bullish ▲

## Sources

- finimize.com: https://finimize.com/content/palm-oil-prices-climb-as-china-buys-more-soybeans

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.