# Palm oil hits near 5-month low on weakness in overnight soyoil

> Malaysian palm oil futures fell for a fourth session to near a five-month low, tracking weaker CBOT soyoil and South American record soybean production forecasts. Traders cited a technical decline, and the benchmark May contract traded around 2,719 ringgit a tonne.

- Date: 2026-11-04 · published 2026-11-04T18:06:23.543Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/80031-palm-oil-hits-near-5-month-low-on-weakness-in-overnight-soyoil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower soyoil and palm prices reflect ample vegetable oil supply, which pressures the vegoil complex and reduces feed-related competition costs for buyers.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/article/palm-oil-hits-near-5-month-low-weakness-overnight-soyoil

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