# Palm snaps three-week gain on weaker rival oils — TradingView News

> Malaysian palm oil futures snapped a three-week rally on Friday, with the November contract falling 72 ringgit (1.62%) to 4,377 ringgit a ton and down 3.36% on the week. Weakness in rival edible oils and position squaring ahead of a long weekend pressured prices.

- Date: 2025-08-29 · published 2025-08-29T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/23423-palm-snaps-three-week-gain-on-weaker-rival-oils-tradingview-news
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Palm is trading with rival vegoils, so softer soyoil and crude weigh on palm prices and reduce its appeal as biodiesel feedstock.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- PALMOIL: bearish ▼

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3UL094:0-palm-snaps-three-week-gain-on-weaker-rival-oils/

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