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Crude palm oil futures for January delivery on Bursa Malaysia Derivatives rose 1.27% to 4,465 ringgit per tonne on Thursday, extending a two-day gain. The rally was supported by stronger rival vegetable oils on Dalian and a rise in Chicago soyoil overnight.
Weaker crude oil prices and high Malaysian palm oil inventories limited the gains and prompted profit-taking near technical resistance.
Palm oil competes with soyoil and other vegetable oils, so firmer Dalian and Chicago oils support Malaysian futures. Weak crude and heavy Malaysian stocks cap the rally, keeping near-term prices range-bound for feed fat buyers.
idxchannel.comTIM RISET IDX CHANNELNov 12, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
