# Palm gains over 1% on bargain buying; posts fourth monthly rise in 5 months - Markets - Business Recorder

> Malaysian palm oil futures closed more than 1% higher on Friday, with the January contract up 66 ringgit to 4,682 ringgit per tonne. Gains came from bargain buying, firmer Dalian palm olein and Chicago soyoil, and firmer crude; the contract rose 1.56% for the month after falling 5.8% in September.

- Date: 2026-10-30 · published 2026-10-31T10:05:37.698Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/2888-palm-gains-over-1-on-bargain-buying-posts-fourth-monthly-rise-in-5-months
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Firmer crude and rival oil gains support palm oil prices, which can lift soybean oil and competing vegetable oil demand in feed markets.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40446686

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