Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher, tracking the gains in the Chicago Board of Trade (CBOT) soybean oil market, a trader said.

According to BERNAMA News Agency, Iceberg X Sdn Bhd proprietary trader David Ng highlighted that the trade deal between China and the United States is lifting sentiment in the soybean oil market, thereby supporting the increase in CPO prices. Ng noted that CPO prices are currently supported above RM4,100 per tonne, with a resistance level at RM4,280.

At the close, the February 2026 contract saw a rise of RM18, reaching RM4,100 per tonne. The March 2026 contract increased by RM11 to RM4,132 per tonne, while the April 2026 contract edged up by RM6 to stand at RM4,160 per tonne. The May 2026 contract recorded a gain of RM4, closing at RM4,167 per tonne. The June 2026 and July 2026 contracts showed marginal improvements, increasing by RM3 to RM4,161 per tonne and RM4,153 per tonne, respectively.

The trading volume experienced a decrease to 41,661 lots from the previous 84,668 lots recorded last Friday. Similarly, open interest declined to 216,074 contracts from the previous count of 220,712 contracts. The physical CPO price for February South saw an increase of RM20, bringing it to RM4,150 per tonne.