# Palm declines on rival Chicago soyoil, profit taking - Markets - Business Recorder

> Malaysian palm oil futures extended losses, snapping three sessions of gains as Chicago soyoil fell and traders took profits. The September contract dropped 0.46% to 4,075 ringgit per metric ton. Exports of Malaysian palm products for June 1 to 15 rose 26.3% from the previous period, according to Intertek.

- Date: 2025-06-17 · published 2025-06-17T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/24324-palm-declines-on-rival-chicago-soyoil-profit-taking-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Palm tracks rival edible oils, so weaker soyoil pressures palm prices in the short term. Strong export shipments are a bearish signal on the supply side.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40368131

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