CPO futures tracks weakness in soybean oil

At the close, CPO futures contract for June 2021 was down RM62 to RM4,687 per tonne, July 2021 weakened RM53 to RM4,453 per tonne.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Monday, tracking the weaker soybean oil performance on the US Chicago Board of Trade (CBOT) during the Asian hours trading session.

However, palm oil trader David Ng said losses were capped by a stronger export estimation as well as anticipation of lower output in the coming weeks.