# CPO Futures Rally On Higher Crude, Soybean Oil Prices – MPOC

> Crude palm oil futures rallied as crude oil and soybean oil prices rose. The move reflects broader vegetable oil and energy strength.

- Date: 2024-11-05 · published 2024-11-05T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/8040-cpo-futures-rally-on-higher-crude-soybean-oil-prices-mpoc
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude and soybean oil prices make palm oil more competitive in biofuel and food use, lifting palm prices.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2024-11-06 | 5 | +10.0% | 4.0 | On Nov 5 palm futures rallied with higher crude oil and soybean oil prices, a spillover from energy and vegetable oil strength within the window. |

## Sources

- mpoc.org.my: https://www.mpoc.org.my/cpo-futures-rally-on-higher-crude-soybean-oil-prices/

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