# Crude Palm Oil Weekly Report – 1 April 2017 | Borneo Post Online

> Malaysian palm oil futures fell to their lowest level since mid-October 2016, with the June 2017 FCPO contract closing at 2,647 ringgit after dropping 3.92 percent on the week. Weaker related edible oils on CBOT and Dalian weighed on the market, while March exports rose per ITS and fell per SGS.

- Date: 2017-04-01 · published 2017-04-01T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6871-crude-palm-oil-weekly-report-1-april-2017-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weaker soyoil and Dalian trade and mixed export figures point to ample palm supply and lower palm oil prices, which lowers the cost of palm-based feed ingredients.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2017-04-03 | 1 | -4.1% | -4.6 | Weekly report shows FCPO falling to a multi-month low on weak CBOT and Dalian edible oils, indicating the downward momentum and sentiment heading into the April 3 drop. |

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/04/02/crude-palm-oil-weekly-report-1-april-2017/

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