NewsSignals AI analysis·Reuters·Oct 23, 2026

Palm oil rises on Dalian soyoil and firmer crude for third weekly gain

Grade Bbullish AI signal$CPO$SOYB$BRENT

Malaysian palm oil futures rose 0.52% to 4,817 ringgit per metric ton, marking a third consecutive weekly gain as stronger Dalian soyoil and firmer crude prices supported the market. The benchmark contract gained 1.01% for the week, while the Malaysian Palm Oil Council expects prices to remain above 4,600 ringgit per ton in November amid stronger export demand, sustained biodiesel consumption and seasonal production declines. Palm oil could extend its gains if energy prices and export demand remain firm, although movements in competing vegetable oils and broader supply conditions may limit further upside.

Bullish strength: 70/100

Palm oil futures rose 0.52% to 4,817 ringgit per metric ton.
The benchmark contract recorded a third straight weekly gain of 1.01%.
Firmer crude prices can make palm oil more attractive as biodiesel feedstock.
The Malaysian Palm Oil Council expects prices to stay above 4,600 ringgit per ton in November.

Bearish strength: 30/100

Dalian's palm oil contract fell 0.19%.
Chicago soyoil prices slipped 0.07%, showing mixed signals across competing vegetable oils.

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

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