CPO prices to stay range-bound

Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash Tin 

CRUDE palm oil (CPO) futures prices at the Bursa Malaysia Derivatives edged lower last week on moderately active selling and influenced by the easier Chicago Board of Trade soyoil futures prices and ideas that prices would stay bearish if the prices of soyoil remains negative. Disappointment over lower export numbers for the first half of November helped dampen sentiment last week.