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Palm falls, tracks Chicago soyoil lower
JAKARTA: Malaysian palm oil futures retreated on Monday, weighed down by weakness in Chicago soyoil and elevated stockpiles, while stronger edible oils on the Dalian exchange capped losses. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange fell 3 ringgit, or 0.06%, to 4,766 ringgit ($1,168.14) a metric ton at the close. “The mixed performance of Dalian palm olein and Chicago soybean oil futures prompted cautious trading. Meanwhile, upside potential remain limited by Malaysia’s elevated palm oil inventories,” a Kuala Lumpur-based trader said. Dalian...
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