PALM OIL FUTURES MAY TREND UP TOWARDS RM3,840-3,860/MT FOR WEEK OF DEC 11 LSEG Agriculture Research believes Malaysian Crude Palm Oil Futures (FCPO) for the third-month benchmark contract may retest the resistance levels of RM3,840-3,860/mt (metric tonnes) this week, with support at RM3,690-3,700/mt. Bullish drivers The palm oil market reversed from a losing streak late last week, tracking gains in palm olein futures on the China Dalian Commodity Exchange and US soybean oil futures. On fundamentals, the latest Reuters survey showed Malaysian palm oil stocks were expected to decline to 2.44 million mt at the end of November, down 0...

VEGOILS-Palm oil opens higher on rival oil strength JAKARTA, Oct 30 (Reuters) - Malaysian palm oil futures opened higher on Monday, following two consecutive sessions of gains, underpinned by strength in rival edible oils. The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange went up 19 ringgit, or 0.50%, to 3,794 ringgit ($798.40) a metric ton in the morning trade. The contract posted third consecutive weekly gain of 0.11% on Friday. FUNDAMENTALS Palm oil on the European vegetable oils market was bullish on Friday following stronger Malaysian palm...