# Malaysian palm oil gains on bargain buying - Markets - Business Recorder

> Malaysian palm oil futures for January delivery closed more than 1% higher at 4,682 ringgit a tonne, booking a fourth monthly rise in five. The gain was driven by bargain buying, firmer Dalian palm olein and Chicago soyoil, and firmer crude oil. Traders are now watching Malaysia's October export and production data due November 10.

- Date: 2026-10-31 · published 2026-11-01T06:06:50.001Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/4031-malaysian-palm-oil-gains-on-bargain-buying-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger soyoil and crude support palm prices, while expected stock increases limit the upside until the November 10 data is released. Feed buyers should watch the data release for direction.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40446884

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