# CPO Futures Rebound On Soybean Oil Gains -

> Crude palm oil futures on Bursa Malaysia reversed earlier losses, supported by stronger soybean oil in Asian trade and a crude oil rebound. Malaysia's palm exports for September 1-5 rose 9.2% year on year, according to Intertek. Spot-month contracts closed about RM29 higher.

- Date: 2024-09-05 · published 2024-09-05T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6160-cpo-futures-rebound-on-soybean-oil-gains
- 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

Stronger soyoil and crude prices and firm early-month exports support palm oil prices, and related vegetable oils move with it. Export strength signals firm near-term demand.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- PALMOIL: bullish ▲

## Sources

- malaysianewsgazette.com: https://www.malaysianewsgazette.com/cpo-futures-rebound-on-soybean-oil-gains/

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