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...

European vegoils- Palm oil tad lower with futures, weaker energy GDYNIA, October 30 (Refinitiv) - Palm oil on the European vegetable oils market eased on Monday as a stronger ringgit weighed on Malaysian palm oil futures on worries about the dwindling export demand. Asking prices for palm oil were between unchanged and $10 a tonne lower from Friday. Weaker energy priecs also wegied. At 1700 GMT CBOT soyoil futures were between 0.08 and 0.37 cents per pound up, while lower energy prices could cut demand for vegetable oils from the biodiesel industry. Weaker Chicago soybeans in the second part of the day capped gains...