# Palm Oil News - CPO and Soybean oil Price is in Competition

> Malaysian crude palm oil rose 0.32% to RM 2,814 per ton on October 26, and CBOT December soybean oil gained 0.4%. Malaysian palm exports for October 1-25 rose about 8.5% from the prior period.

- Date: 2017-10-27 · published 2017-10-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/68549-palm-oil-news-cpo-and-soybean-oil-price-is-in-competition
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rising palm exports and a firmer soyoil futures price support palm and soyoil values, as palm and soyoil continue to compete for buyers.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/6266/cpo-and-soybean-oil-price-is-in-competition

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