Palm Oil Falls on Lower Soybean Oil, Crude Oil Prices
Dow Jones10:50
0250 GMT - Palm oil falls in early Asian trade, weighed by lower soybean oil prices overnight on the Chicago Board of Trade as well as weaker crude oil prices, AmInvestment Bank says in a note. Lower palm olein on the Dalian Commodity Exchange is also seen pressuring palm oil prices, it says. Technical analysis suggests CPO futures are undergoing a minor pullback, it adds. AmInvestment Bank expects prices to face resistance at 4,628 ringgit a ton and support at 4,561 ringgit a ton. The Bursa Malaysia Derivatives contract for September delivery is lower by 24 ringgit at 4,570 ringgit a ton. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
July 09, 2026 22:50 ET (02:50 GMT)
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