# Palm oil futures track Dalian palm, soyoil higher - Markets - Business Recorder

> Malaysian palm oil futures rose for a fourth straight session, gaining 1.72% to 2,778 ringgit per tonne by midday. Dalian palm and Chicago soyoil also firmed. Cargo surveyors reported July exports up 5.8-6.8% month on month, and EU and British palm oil imports for 2020/21 fell 25%.

- Date: 2020-08-04 · published 2020-08-04T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6793-palm-oil-futures-track-dalian-palm-soyoil-higher-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Price moves are following related oils while the market awaits Malaysian output data. Lower European imports offset some export strength, so the net price effect is modest.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2020-08-02 | 1 | +7.8% | 5.1 | It describes the continued rally with strong July export data and gains in rival oils, though it is dated 2020-08-04, after the move window, so it mostly confirms the same drivers. |

## Sources

- brecorder.com: https://www.brecorder.com/news/40009670

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