CPO Futures End Lower On Weak CBOT Performance

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Dec 16 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower on Tuesday, weighed down by weaker soybean oil performance on the Chicago Board of Trade (CBOT), a trader said.

Palm oil trader David Ng said concerns over weaker demand in the coming weeks also pressured CPO prices.

“We see support at RM3,900 and resistance at RM4,080,” he told Bernama.

At the close, the December 2025 contract decreased by RM44 to RM3,947 per tonne, January 2026 lost RM50 to RM3,958, and the February 2026 contract slid RM51 to RM3,962.

The March 2026 contract eased RM48 to RM3,970 per tonne, the April 2026 contract shed RM48 to RM3,970, and the May 2026 contract declined RM45 to RM3,971.

Total volume rose to 100,271 lots from 75,568 lots on Monday, while open interest increased to 266,936 contracts from 266,480 contracts previously.

The physical CPO price for December South dropped RM50 to RM3,980 per tonne.

-- BERNAMA