# Palm oil erases gains - Newspaper - DAWN.COM

> Malaysian palm oil futures fell to a two-week low, down 1.2% to 2,737 ringgit per tonne for December delivery, after weaker Chicago soyoil and profit-taking ahead of a long weekend holiday. Traders said sentiment was weak as production showed some improvement.

- Date: 2017-09-22 · published 2017-09-22T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/69053-palm-oil-erases-gains-newspaper-dawn-com
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Routine daily move driven by soyoil and holiday trading rather than a new supply or demand shock. Pressure from improving output keeps palm prices soft.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- dawn.com: https://www.dawn.com/news/1359144

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