Kuala Lumpur: The crude palm oil (CPO) futures snapped a four-day winning streak to end lower on Thursday, influenced by weaker soybean oil prices.

According to BERNAMA News Agency, palm oil trader David Ng noted the decline was linked to concerns over a potential change to the renewable biofuel credit policy in the United States. “We see support at RM3,750 per tonne and resistance at RM3,950 per tonne,” he mentioned.

At the close, May 2025 prices decreased by RM69 to RM3,831 per tonne. Similarly, June 2025 and July 2025 prices fell by RM55 each, settling at RM3,872 per tonne and RM3,868 per tonne, respectively. August 2025 declined by RM59 to RM3,856 per tonne, while September 2025 slipped by RM54 to RM3,852 per tonne. October 2025 was RM45 lower, closing at RM3,855 per tonne.

The trading volume saw a decrease, falling to 96,117 lots from 121,576 lots recorded the previous day. The open interest also narrowed, declining to 238,933 contracts from 242,608 contracts previously noted.

Additionally, the physical CPO price for May South witnessed a drop of RM50, settling at RM3,930 per tonne.