Vegoils price commentary: CPO, CME soyoil futures down amid technical selling

Fastmarkets02-09

In Asia, crude palm oil (CPO) futures extended their decline to close lower for a second day, with the most active month contract falling to its lowest in nearly two weeks. On the Chicago Mercantile ...

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On the Chicago Mercantile ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/vegoils-price-commentary-cpo-cme-soyoil-futures-down-amid-technical-selling/\">Source Link</a>\n\n</div>\n","source":"fastmarkets_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vegoils price commentary: CPO, CME soyoil futures down amid technical selling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVegoils price commentary: CPO, CME soyoil futures down amid technical selling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-09 13:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fastmarkets.com/insights/vegoils-price-commentary-cpo-cme-soyoil-futures-down-amid-technical-selling/><strong>Fastmarkets</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In Asia, crude palm oil (CPO) futures extended their decline to close lower for a second day, with the most active month contract falling to its lowest in nearly two weeks. On the Chicago Mercantile ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/vegoils-price-commentary-cpo-cme-soyoil-futures-down-amid-technical-selling/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.fastmarkets.com/insights/vegoils-price-commentary-cpo-cme-soyoil-futures-down-amid-technical-selling/","article_id":"2610638631","we_media_id":null,"thumbnails":[],"rights":{"source":"fastmarkets_highlight","url":"https://www.fastmarkets.com/insights/vegoils-price-commentary-cpo-cme-soyoil-futures-down-amid-technical-selling/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2610638631","pubTimestamp":1770613200,"columns":[],"sourceInfo":{"source_id":"fastmarkets_highlight","name":"Fastmarkets"},"weMediaInfo":null,"summary":"Vegoils futures were broadly lower on Friday February 6.","collect":0,"end_time":0,"defaultTopTitle":"fastmarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","SCO":"二倍做空彭博原油指数ETF","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","BK4561":"索罗斯持仓","MJJ":"Bank of Montreal MicroSectors Cannabis","DUG":"二倍做空石油与天然气ETF(ProShares)","UCO":"二倍做多彭博原油ETF","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","RSO":"Resource Capital","IE00B3T34201.USD":"BNY MELLON GLOBAL EQUITY INCOME \"B\" (USD) INC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","BK4570":"地缘局势概念股","BK4200":"专卖店","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU1228905037.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) ACC","CME":"芝加哥商品交易所","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","USO":"美国原油ETF","XLE":"SPDR能源指数ETF","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU1481011671.HKD":"FIDELITY GLOBAL DIVIDEND \"A\" (HKDHDG) INC","ASO":"Academy Sports & Outdoors, Inc.","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU1228905540.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) INC 2","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU1481011911.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USDHDG) INC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","AMJ":"JPMorgan Alerian MLP ETN","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU0731783048.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC MONTHLY (G)","LU1509826696.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC B","LW":"Lamb Weston Holdings, Inc.","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC"},"translate_title":"Vegoils价格评论：CPO、CME豆油期货因技术性抛售而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLE":0.9,"RSO":1,"CME":1.5,"MJJ":1,"LW":1,"DUG":0.9,"AMJ":1,"UCO":0.6,"SCO":0.6,"ASO":1,"USO":0.9},"content_text":"In Asia, crude palm oil (CPO) futures extended their decline to close lower for a second day, with the most active month contract falling to its lowest in nearly two weeks. On the Chicago Mercantile Exchange, soyoil futures moved down amid some technical selling and weakness in the soybean complex.\nIn CPO contracts, traders took positions ahead of the weekend and with focus on next week’s key industry gathering where market outlooks, policies and developments will be discussed.\nThe most active April CPO futures contract on the Bursa Malaysia Derivatives Exchange fell by 1.26% to close at 4,153 ringgit ($1,060) per tonne, with the contract trading in negative territory through the day and extending its losses from the morning when it closed at 4,191 ringgit per tonne at the midday break.\nCPO was tracking losses in related complexes, with other vegoil futures also trading lower while crude oil prices also started the day lower before turning positive at time of writing amid uncertainties over the scheduled US-Iran talks taking place on Friday.\nChinese vegoil futures ended lower across the board, with the May palm olein futures contract on the Dalian Commodity Exchange fell by 1.03% to 9,026 yuan ($1,300) per tonne, while the May soyoil futures contract also slipped by 0.44% to close at 8,102 yuan per tonne.\nThe May rapeseed oil futures contract on the Zhengzhou Commodity Exchange also fell by 0.15% to close at 9,1,44 yuan per tonne.\nSupply and demand data to be released\nMarket participants will also be anticipating next Tuesday’s Malaysia January supply and demand data release from the Malaysian Palm Oil Board (MPOB), where the end-stocks figure will be in focus after Malaysia ended 2025 with palm oil inventories at their highest since February 2019.\nProduction estimates from the Southern Peninsular Palm Oil Millers Association (SPPOMA) for the first five days of February were also reported at 7.65% higher on the month, with the higher number of working days compared with January 1-5 also contributing to the increase. \nIn the cash market, one olein cargo was traded to China for February shipment at $1,078 per tonne CFR, while there was also talk of a February CPO trade concluded at $1,140-1,145 per tonne CFR India earlier in the day though details could not be verified at time of writing.\nDiscussions at close of the day to India were at $1,140-1,150 per tonne CFR west coast India (WCI) for February-shipment CPO, while offers for March cargoes were around $1,165 per tonne CFR WCI.\nFor Indonesia, CPO offers were at $1,100-1,110 per tonne FOB Indonesia for February and $1,130-1,140 per tonne FOB Indonesia for March, with buying ideas for February heard at $1,085 per tonne FOB Indonesia.\nOn Thursday, around 3,000 tonnes of soybean oil was traded for May-July shipment at $1,150-1,152 per tonne CFR Kandla, while sunflower oil trades were also concluded at $1,410-1,420 per tonne CIF landed weight (LW) India for March-April shipment from the Black Sea region, and at $1,388-1,390 per tonne CIF LW east coast India (ECI) for Argentina-origin sunoil.\nOffers were around $1,250 per tonne CFR WCI for March-shipment soybean oil on Friday, $1,180-1,190 per tonne CFR WCI for April-shipment volumes and $1,164-1,168 per tonne CFR WCI for May-shipment, with discussions for March volumes limited amid low buying interest.\nBlack Sea-origin sunoil was offered around $1,420 per tonne CIF LW for April shipment, with buying ideas around $1,390 per tonne CIF, while offers for Argentine sunoil were around $1,395-1,400 per tonne CIF for the same month.\nIn the Americas, CME soyoil futures traded with losses, amid some lingering profit-taking following recent gains and a weakness in the soybean complex. Higher energy prices and product spreading limiting the negative pressure.\nThe most active March CME soyoil contract went down by 0.63% on the day to 55.30 cents per lb at Fastmarkets’ closing time, 1pm US Eastern time. \nCrude oil futures rebound\nCrude oil futures rebounded in a choppy session amid a cautious sentiment persisting after the US suggested broadening talks with Iran beyond nuclear issues, raising further geopolitical concerns, despite prospects of a good start for negotiation in Oman.\nMeanwhile, CME soymeal futures moved marginally lower, with the most liquid CME soymeal March contract down by 0.26% to $302.40 per short ton at 1pm US Eastern time.\nMarket participants adjusted positions on soybeans and soymeal contracts at Fastmarkets’ closing time, following sharp gains in the past two sessions.\nPrices had surged after US President Donald Trump said in a social media post on Wednesday that China was about to buy at least 20 million tonnes of US soybeans for the current season, which sparked bullish sentiment among market participants.\nIn the physical market in South America, the Argentine market had a lot less liquidity and indications on February 6, while after Fastmarkets’ assessment time Brazilian soyoil for June and July loading was rumored traded at a discount of 7 cents per lb to July futures.\nThe March basis was assessed at discounts of 2.1 cents per lb in Argentina and 2.4 cents per lb in Brazil, both to March futures.\nOn the soymeal front, the March soymeal basis in Brazil was unchanged compared with the previous assessment, assessed at a discount of $0.50 per short ton to March futures.\nIn Argentina, the corresponding soymeal basis declined $8.50 per short ton compared with the previous price, assessed at a discount of $6 per short ton to the same futures contract.\nAs of 6:20pm Central European time, Euronext May rapeseed futures were trading at €488 ($576) per tonne, up by €2.25 per tonne from the last market close.\nFOB Rotterdam rapeseed oil (RSO) prices kept their upward pace, closing the week on a higher note as prices continued to track gains in European and Canadian rapeseed and canola futures, which were mostly bullish this week.\nHigher US soybean and soybean oil futures at the time of writing were also supportive, while weakness in Malaysian palm did not provide significant downward pressure.\nMarch and April offers ranged €1,063-1,068 per tonne, with bids at €1,053-1,059 per tonne, compared with offers at €1,058 per tonne and bids at €1,049 per tonne on Thursday.\nOffers for the May-June-July (MJJ) strip stood at €1,061-1,065 per tonne, while bids were reported at €1,054-1,056 per tonne. This compared with offers at €1,057-1,060 per tonne and bids at €1,048-1,054 per tonne on Thursday.\nDown the curve, August-September-October (ASO) offers were indicated at €1,028-1,032, with bids at €1,019-1,026 per tonne, compared with offers at €1,024-1,026 per tonne and bids at €1,015-1,018 per tonne on Thursday.\nPrices for FOB sunflower oil (SFO) across six EU ports rose slightly along the curve on Friday despite an overall quiet market tone and wide reported spreads between buyer and seller ideas.\nFor March, offers were heard at $1,460 per tonne, with bids at $1,425 per tonne, compared with offers at $1,445-1,465 and bids at $1,030-1,035 per tonne on Thursday.\nFor the April-May-June (AMJ) window, offers were indicated at $1,455 per tonne, with bids at $1,415 per tonne, compared with offers at $1,427.50-1,465 per tonne and bids at $1,420-1,422.50 per tonne on Thursday.\nAs for July-August-September (JAS), offers stood at $1,440-1,450 per tonne, with bids at $1,410 per tonne. This compared with offers at $1,425-1,455 per tonne and bids at $1,415-1,417.50 per tonne on Thursday.\nOn a CIF Mersin basis, the market showed limited change, with price ideas heard in the range of $1,385-1,390 per tonne offered versus $1,375-1,380 per tonne buyer ideas for Russia-origin sunflower oil for shipment from February 15 to March 15. Supply from the Ukrainian side was reported to be very limited.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2610638631","isCrawlerRequest":true}