CPO futures likely to trade lower

MALAYSIA Derivatives Exchange (Mdex) crude palm oil futures prices ended the week slightly lower after having fluctuated on both sides of its previous week’s close. Worries that exports for February may be sharply lower from a month ago prevented the market from rallying despite sharp gains in soyoil early during the week. 

Cargo surveyor Societe Generale de Surveillance's (SGS) report that exports for the first ten days of February were lower at 212,297 tonnes from 282,235 tonnes a month ago kept players on the sideline and prompted some stale-bull liquidation.