Palm oil courses follow related edible oils

This morning, palm oil prices in Malaysia are falling for the second consecutive day. They are following the weaker soybean prices yesterday at the CBoT and the Palmolein courses on the derivatives exchange in Dalian, China.
The most heavily traded January 19 date at Bursa Malaysia drops to 2,227 ringgit / tonne for lunch, up 0.5%. But the price has risen 1.5% this week. Today, the Derivatives Exchange has traded 8,395 lots with a standard volume of 25 tonnes across all maturities.
The continued weakness of US soybean oil and Chinese palm olein is also putting pressure on palm oil futures at Bursa Malaysia.
Yesterday, CBoT soybean prices fell 1.8% on the December 18 date, the biggest daily loss in three months. Weak exports last week disappointed market participants. In addition, the US crop is now making faster progress. This morning, soybean courses are catching up at the CBoT.

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