Kuala Lumpur:Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower today, impacted by weaker soybean oil futures on the Chicago Board of Trade (CBOT).

According to BERNAMA News Agency, Iceberg X Sdn Bhd proprietary trader David Ng highlighted that concerns over record-high Malaysian inventories continued to affect market sentiment, reducing buying interest. Ng mentioned that immediate support is anticipated around RM4,450 per tonne, with resistance at RM4,600 per tonne, as traders remain cautious ahead of the Malaysian Palm Oil Board’s October supply and demand report scheduled for November 10.

At the closing, the November 2026 contract decreased by RM174 to RM4,126 per tonne, the December 2026 contract dropped by RM128 to RM4,279 per tonne, and the January 2027 contract went down by RM119 to RM4,377 per tonne. Additionally, the February 2027 contract slipped by RM114 to RM4,462, the March 2027 contract fell by RM111 to RM4,533 per tonne, and the April 2027 contract weakened by RM109 to RM4,587 per tonne. Trading volume reduced to 97,181 lots from 137,168 lots on Wednesday, while open interest increased to 336,631 contracts from 334,908 contracts previously. The physical CPO price for November South decreased by RM90 to RM4,220 per tonne.