Malaysian palm oil futures rebounded to around MYR 4,300 per tonne after hitting a four-month low of MYR 4,190 on January 23. The rise was driven by lower domestic output, with the Malaysian Palm Oil Association reporting a 14% drop in production in the first three weeks of January. Additionally, the Malaysia Palm Oil Council expects demand to recover after March due to tighter sunflower oil supply. Indonesia's efforts to secure LNG also lifted palm oil prices, as it remains a key biofuel source. However, declining soybean oil prices in India put pressure on edible oil markets.

Soybean futures dropped to around $10.40 per bushel after hitting a six-month high of $10.67 on January 21. Optimism about Brazil’s strong crop, despite a slow harvest, helped ease supply concerns. While Argentina faces dry conditions, expected rains in key areas like Cordoba and Santa Fe could improve moisture levels. Meanwhile, China halted soybean shipments from five Brazilian firms, raising concerns over demand.

U.S. cotton futures stabilized at 67 cents per pound as speculative buying balanced out pressure from a slightly stronger dollar. The USDA’s latest report projected higher U.S. cotton production and global output, while Brazil's 2024-25 forecast was revised downward due to reduced planted acreage in Mato Grosso.

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Proj A -6-7
Crude Oil 72.72
+0.10
Gold 2760.65
+1.35

*>NY-COTTON
Mar:66.47-0.19
May:67.63-0.17
Jul:68.80-0.16

* *>SOYBEAN OIL
Mar:44.63-0.34
May:45.11-0.35
Jul:45.38-0.34
-
*>SOYBEAN
Mar:1052.20-8.20
May:1067.60-7.40
Jul:1081.60-7.00
-
*>SOYBEAN MEAL
Mar:308.00-1.80
May:316.60-1.60
Jul:324.20-1.50
-
*>Crude Oil?️
72.67+0.05(+0.07%)


*>NY-COTTON
Mar:66.45-0.21
May:67.63-0.17
Jul:68.80-0.16
*>SOYBEAN OIL
44.61-0.36(-0.80%)

*>SOYBEAN
1053.0-7.40(-0.71%)

*>SOYBEAN MEAL
307.8-2.0(-0.65%)

*>Crude Oil?️
72.48-0.14(-0.19%)