NewsSignals AI analysis·Reuters·Oct 21, 2026

Palm oil rises for second day on rival vegetable oils strength

Grade Bbullish AI signal$FCPO$CPO$DBY$BO

Malaysian palm oil futures climbed for a second consecutive session, supported by gains in competing vegetable oils and stronger export estimates. The January palm oil contract rose 0.33% to 4,833 ringgit per metric ton, while Malaysian palm oil product exports for October 1-20 were estimated to have increased 58.5%-78.4% month over month. However, failure to break resistance at 4,834 ringgit could trigger a pullback toward 4,706-4,736 ringgit, despite continued support from rival oils and stronger crude prices.

Bullish strength: 65/100

Palm oil futures rose for a second consecutive session, gaining 0.33%.
Dalian soyoil rose 0.49%, while Dalian palm oil gained 1.31% and Chicago soyoil advanced 0.25%.
October 1-20 Malaysian palm oil product exports were estimated to have increased 58.5%-78.4% month over month.
Higher crude oil prices could improve palm oil's attractiveness as biodiesel feedstock.

Bearish strength: 35/100

Palm oil failed to break resistance at 4,834 ringgit per metric ton.
Technical analysis suggests a possible retracement toward 4,706-4,736 ringgit per metric ton.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

More recent source-attributed AI analysis.

Palm oil edges up on soyoil strength, on track for third weekly gains

Malaysian palm oil futures edged up 0.13% to 4,798 ringgit per metric ton, tracking stronger soyoil prices and heading for a third consecutive weekly gain. The contract has gained 0.69% this week, while the Malaysian Palm Oil Council expects crude palm oil prices to remain above 4,600 ringgit in November amid stronger export demand, sustained biodiesel consumption and seasonal production declines. Continued strength in competing vegetable oils and biodiesel demand could support palm oil prices, although technical analysis points to a possible retest of support at 4,736 ringgit.

Ethereum Spot ETFs Post $111M Net Outflow as ETHA Loses $75.45M

Ethereum spot ETFs recorded a total net outflow of $111 million on October 22, based on SoSoValue data. BlackRock's ETHA posted the largest single-day withdrawal, with net outflows of $75.45 million. Fidelity's FETH was the largest daily inflow recipient, adding $2.37 million. FETH's historical cumulative net inflows stand at $2.36 billion, while ETHA's historical cumulative net inflows total $12.26 billion. As of the report, total net asset value across Ethereum spot ETFs was $14.57 billion. The ETFs' net asset ratio, measured against Ethereum's total market capitalization, was 5.01%, and cumulative historical net inflows across the products reached $12.72 billion.

Palm Oil Set for 3rd Straight Weekly Gain

Malaysian palm oil futures are heading for a third consecutive weekly gain, rising nearly 1% for the week and holding above MYR 4,800 per tonne amid tightening supply expectations and strong export demand. Shipments surged 58.5%–78.4% during Oct. 1–20 versus the same period in September, while severe El Niño conditions, Indonesia's upcoming B50 biodiesel mandate, and festival-related buying from India supported prices. Continued supply constraints and stronger biodiesel demand could extend palm oil's rally, although inflation-driven weakness in food demand may limit further gains.

Wake up! The long bond's up two points!

US Treasuries surged as investors fled risk amid growing concerns over the AI investment boom, with 10-year Treasury yields plunging 19 basis points in their biggest daily drop since early 2023. Fed funds futures rallied as much as 22 ticks, Meta shares fell almost 7%, and CoreWeave dropped another 10% as concerns over AI infrastructure funding weighed on markets, while Brent crude remained above $113 a barrel. The combination of AI investment concerns and elevated oil prices could intensify market volatility and complicate the Federal Reserve's interest-rate decisions.