# Ringgit Terlemah Sejak November 2017, Harga CPO Rebound

> November 2018 crude palm oil futures on Bursa Malaysia rose 0.22% to MYR 2,222 per tonne after a prior-session loss, rebounding as the ringgit weakened against the dollar. Soybean oil on the Chicago Board of Trade had fallen on expectations of a larger US soybean harvest, which had pressured palm oil the previous day.

- Date: 2018-08-30 · published 2018-08-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/63780-ringgit-terlemah-sejak-november-2017-harga-cpo-rebound
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Palm oil tracks soybean oil and the ringgit, so a weaker ringgit and a modest rebound support palm prices, while larger US soy output is a bearish offset for vegetable oil demand.

## Read by commodity

- SBO: bearish ▼
- USDMYR: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-09-03 | 1 | +2.2% | 4.4 | A weakening ringgit to its lowest since November 2017 and a rebound in CPO futures set up the currency-driven momentum carried into Sept 3. |

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/market/20180830134705-17-30986/ringgit-terlemah-sejak-november-2017-harga-cpo-rebound

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