CPO Futures Close Higher On Firmer CBOT Soybean Oil Prices

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, June 11 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher today, supported by firmer Chicago Board of Trade (CBOT) soybean oil prices during Asian trading hours, a trader said.

Iceberg X Sdn Bhd proprietary trader David Ng said the recent stronger export performance also supported near-term market sentiment.

"We see support at RM4,500 per tonne and resistance at RM4,680 per tonne," he told Bernama.

At the close, the June 2026 and July 2026 contracts increased RM11 to RM4,461 and RM4,509 per tonne, respectively. August 2026 gained RM13 to RM4,551 per tonne.

The September 2026 contract rose RM14 to RM4,592, October 2026 contract jumped RM17 to RM4,632 and November 2026 contract was up by RM12 to RM4,661 per tonne.

Trading volume decreased to 59,067 lots from 96,730 on Wednesday, while open interest eased to 277,876 contracts from 285,884 previously.

Meanwhile, the physical CPO price for June South was up RM20 at RM4,520 per tonne.

-- BERNAMA