
Malaysian palm oil futures rose for a second straight session on Thursday, with the January contract on Bursa Malaysia up 0.59% to 4,436 ringgit a metric ton. Gains were driven by stronger Dalian soyoil and palm oil contracts and firmer Chicago soyoil overnight.
Palm oil prices track rival vegetable oils, so firm Dalian and Chicago soyoil support palm, while weaker crude oil and heavy Malaysian stocks cap upside for palm oil used in feed fats and blends.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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