# Palm Oil News - CPO is Influenced by the Production and Soybean Contract

> Crude palm oil fell for a fourth time in five sessions, with traders focused on rising output and falling soybean oil contracts. Analysts expect a short-term trading range of 2,500 to 2,560 ringgit per ton, with support near 2,475.

- Date: 2017-11-27 · published 2017-11-27T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/68089-palm-oil-news-cpo-is-influenced-by-the-production-and-soybean-contract
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected seasonal production increases and weaker soyoil prices point to continued softness in palm oil values in the near term.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- en.infosawit.com: https://en.infosawit.com/news/6374/cpo-is-influenced-by-the-production-and-soybean-contract

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