CPO Futures End Lower For Third Consecutive Day Amid Soybean Oil Losses

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, May 14 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower for the third consecutive day on Thursday, tracking losses in Chicago Board of Trade (CBOT) soybean oil prices, a trader said.

Iceberg X Sdn Bhd proprietary trader David Ng said the decline in soybean oil prices weighed down CPO, as both palm oil and soybean oil are major vegetable oils that compete in the global edible oils market.

“The expectation of rising stock levels based on the latest Malaysian Palm Oil Board (MPOB) will likely weigh on price sentiment,” he told Bernama.

According to the MPOB, Malaysia’s palm oil stocks rose 1.71 per cent to 2.30 million tonnes in April 2026 from 2.27 million tonnes in March, while CPO production surged 18.37 per cent to 1.63 million tonnes from 1.38 million tonnes a month earlier.

“We see prices supported above RM4,350 and resistance at RM4,500,” he added.

At the close, the May 2026 contract slid RM40 to RM4,350 per tonne, June 2026 slipped RM47 to RM4,362, and July 2026 dropped RM45 to RM4,393 per tonne.

The August 2026 contract declined by RM48 to RM4,409 per tonne, September 2026 fell by RM44 to RM4,428, and October 2026 shed RM41 to RM4,448 per tonne.

Trading volume fell to 93,138 lots from 113,037 lots on Wednesday, while open interest rose to 285,504 contracts from 283,827 contracts previously.

The physical CPO price for May South was RM30 lower at RM4,420 per tonne.

-- BERNAMA